Randall was highly respected in the late 60's and early 70's and along with AMT, offered the first stainless steel 1911's. I'm still using one of their stainless steel magazines regularly. Is this a right hand one or a left hand? Randall offered a true 'left hand' mirror image model 1911. The controls were on the right and it ejected to the left for left hand shooters. I would think any Randall would be an excellent shooter and a left hand model would have some collectability. Are you buying or selling? I would think $500 would be a fair price to pay for one, any less than that would be a gift. If you are selling, put her on the internet and see if some collector takes an interest, particulary if it is a 'left hand' gun. Either way, it is a interesting piece of history. 44 Man