6/25/20 - This is a gorgeous Colt ACE that was manufactured in 1934, only a few years after initial production began. It has about 95% of that beautiful Colt blue remaining, with minor edge wear on hint points, and some finish loss on the front strap. Mint bore and grips. Original two-tone magazine. The Colt Ace or Colt Service Model Ace is a firearm that was designed to allow inexpensive and low-recoil practice while maintaining the feel of a military model 1911.