These guns are not going to be anywhere near the $ 2K and $ 3.5K G.I. guns you see at high end gun shops. That come with documentation, and are in the 90% finish range. From the research I've been doing, the CMP is going to be pricing most of these things in the $ 1,000.00 to $ 1,200.00 price range. That's insane for a used up G.I. 1911. And there is only just so much gunsmith time the CMP can invest in these things.
And as Alf pointed out, what's with having to go through 2 NICS checks? What useful purpose does that serve? And on top of that, have to go through an FFL. Because they've decided in their infinite wisdom, they won't let them go on a C&R. I'm not understanding this overcomplicated reasoning. My 1971 Colt Gold Cup NRA Centennial Edition is on the C&R list for God's sake.
Most of these things are going to be well used and worn, mil-surp rattletraps. Remember, you can buy a brand new G.I. model from both Springfield Armory, and Rock Island Armory for less than half of that. And you don't have to fill out more forms, and produce more information, than if you go long form at tax time owning 4 businesses.
Today $ 1,200.00 puts you in brand new Colt Gold Cup territory. Nice 1911 pistols are a dime a dozen in todays depressed, overstocked firearms market. It's too bad they have to take something that could not only be good, but a real bargain for the average American citizen, and complicate it by turning it into an overpriced, bureaucratic nightmare. But such is the world we now live in.