I have one. I have owned it for about three years now. It has a Parkerized finish and some scratches. Looks like it has seen action. The weapon is very reliable and surprisingly accurate. I originally bought as a Kit gun that I could experiment on and not worry about value. I have finally limited my surgery on it because the quality was better than expected. I would rate it highly and if you can get a good deal on one I would say grab it with both hands. Its no Gold cup but then again its no Lorcin either.
The dies for the weapon were bought from Colt and sent to Argentina along with the Colt advisers to show them how to set up and run their equipment. So the production quality is very good, and have never heard anything bad about them except some may have had hard lives and poor care so the finish mabe worn and pitted. The other thing I hear is that not all 1911 parts are interchangable with the Sistema.
I know a guy who can really set a Systema 1927 up right. His name is Karl Sokol and the name of his business is Chestnut Mt. Sports. He fixed up a 1911 WW2 GI for me and I was so impressed I sent him my Systema 1927 to do likewise. Karl basically does a full reliability package, puts on a new set of sights with a staked front which is soldered in place and touched up for high visibility. He fits a match bushing, replaces the extractor, ejector, and all springs, (and pins if needed). He performes a "no-bite" modification to the hammer. He stipples the frontstrap and at the customer's request, will add a high grip modification. He then parkerizes the whole pistol. At the customer's request, he can also fit a match barrel, dovetail sights, and add a beavertail safety. I found the package to be very reasonable in price and the work well worth the wait. I will add that on my 1911 he put a barrel positioner inside the slide a-la Swenson style... a nice touch!
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