I just lost my father last week. He was a P-38 pilot in WW II and I now have his Colt 1911 that was his sidearm. I ran the serial number and it said that it was manufactured in 1918, has the "United States Property" stamp etc...
Obviously this has much sentimental value. It is in excellent condition with about 95% of the finish intact, sharp edges, original grips, even the mags in the tan canvas belt pouch with ball ammo from the '40s. I would like to know estimated value for insurance purposes and thoughts on whether I should fire the beauty or not. I know refinishing is frowned upon, but what about replacing all the springs and putting some rounds through her every now and then...as a salute to my Dad?

Thanks,

Bill

Bill: Welcome to the forum. I am very sorry to hear about the loss of your dad. Sadly, it won't be too many more years and all the WWII vets will be gone.
The value of your pistol because of the connection to your father is priceless. I do, however, understand your question about the insurance coverage. If lost, stolen or destroyed, the insurance never brings the gun back. That said, the value to someone else without the family connection might be in the $1500-2500 range...maybe more, depending on how much they value the specific story with the pistol.
I may be in the minority, but I personally would keep the pistol just like it is...and wouldn't shoot it, unless your dad regularly went out and shot it. I think preserving such an item just as you received it is the highest salute you can give.
The values stated are for an original finish, all correct parts pistol. For insurance purposes, adjust the value accordingly if not all original as manufactured. The sentimental value remains the same regardless.
good luck,
Scott

There's no harm in taking it out to shoot it every so often. Just take care of it by keeping it oiled and out of any holsters. A holster wears down the finish and leather attracts moisture, not to mention the acids present in tanned leather. Remember, it was a tool built for war so it ain't exactly fragile. Just don't beat it to death with a steady diet of hot loads. Adding a plastic shock buffer to the guide rod might not be a bad idea either.

I have never seen the need to replace springs unless they're noticeably worn or are high mileage. Funny thing, but some 1911 owners swap springs all the time yet never do so with their other firearms. Too many people with 1911's get the urge to screw around with their guns instead of leaving well enough alone.