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I acquired this Colt a few weeks ago from my Friends estate company. The Colt 1903 must of been exposed to water at some point and the one side has some pitting and discoloring and the other side is almost perfect. The barrel is like glass and it function without any problems. It's a 1917 dated Model 1903 Colt and for $200 it will make a nice house or carry gun. A quality Colt that never seems to stop working.
Thanks for looking,
Joe
 

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You can't go wrong with a $200 Colt ! Just doing a quick lookup, it places the date of manufacture around 1918. It could be a wartime used gun which would explain the condition. Congrats!
 

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My shooter 1937 Mauser Luger has a heavily pitted side (left) and an almost perfect side (right). It's all matching so it makes a good shooter Luger.

It's possible to spot weld steel back into pits, use a mill to level things and then refinish a pistol with pitted flats. Lots of work, but can restore things.
 
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