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I don't know where you have been looking, but that price (800 dollars) is in no way shape or form a "collector" price. "Collector" prices are 1800+. 800 bucks is a very fair price for that shooter USGI 1911A1. I have seen USGIs in about that condition that people want over 1K for. finish doesn't mean squat when it comes to a shooter, to me it adds character to the pistol, as long as it doesn't look like the surface of the moon, all pitted up and banged up. If you wanted to, a good gunsmith can re-park that pistol and it won't detract the value, 99.9 percent of USGI M1911/A1 went through at least one rearsenal process anyway, so it's not like you are going to harm the value of that pistolMy own opinion is that the seller was trying to get a "collector" price for a "shooter" gun.
why the guy didn't go a extra 75 bucks and buy it out right, is a mystery to me, If I didn't already have a ITHACA, I would have bought that for 800. that pistol is fairly priced for a USGI shooter,