Good choice. If you ultimately decide it's too deep a plunge, get one by USFA (US Firearms)...as close to the real article as there is for, typically, a good bit less (new) than a decent condition 2nd gen. Some say better quality than some of what Colt's been putting out "lately" (especially early 3rd gens). (I'm talking their "regular" line, not the cheaper/plainer cowboy shooting-oriented Rodeo (?) type..which are fine, but not the subject here). Finish is superb. These run $850-900 used (internet) to $950-$1,000 new, discounted/internet. Their "Gunslinger" does a dang-fine job of antiquing to make it look like it's truly a 100 yr old+ gun and can be found internet new under $700-850. Back to the Colt, if this is primarily as a future heirloom, consider .44 Sp., introduced in the 2nd Gen. There aren't a lot of them around, thus perhaps (ultimately) increasing their collector-desirability--as the .45s abound, relatively speaking. Just a thought. Good luck!