I bought one two weeks ago. Colt Government Model, Series 70 in very good condition, Blued finish, w/3 Colt mags, no box. It has some discoloration on sides of the hammer spur and had very light storage rust on the bottom of the mainspring housing and between the slide release and thumb safety. It cleaned up up fine. I have not removed the grips to see whats underneath yet. The pistol does not appear to have been shot or carried much at all.
I've put 4 magazines through it without a hiccup. It's been field stripped once, cleaned, and put away as an investment/project.