Quoted: If it's lose, it's no biggie, but it tends to slide out when you aren't thinking about it, leading to a lost link pin. Stake it in place.
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Yep, it won't come out while in the gun tho if that is what you are worried about. If it is REALLY loose and you are going to shoot it I'd buy a new one, stake it in LIGHTLY and keep the old one in a marked bag with the guns SN#. If you're not going to shoot it, and it's just a collector piece I'd leave it alone. I don't know ho much shooting I would do with a nice original one anyways. I'd probably buy a 400 buck 1991 and shoot the whee out of that one first. Some of the old parts are NOT available and if broken would drop the value down considerably. The steel was pretty soft in them and was not really heat treated all that well. If you do shoot it put a new recoil spring in it, have it inspected by a gunsmith, and shoot reasonable ammo thru it. Don't blast +p or the likes ammo. BTW get it appraised or at least check on values first, you might be very surprised by the prices. If it was mine I'd NOT shoot it if original, lots of dicked with ones for that out there. If you want a shooter first and foremost I'll trade you a 1911 WW1 Colt repro NIB for it with some $$$. or something else like a NIB series 70 Colt and some cash. If its been messed with have fun with it, just have it inspected first. Gotta a 6920 NIB too.
However if it's a family heirloom keep it you'll be glad you did.