Quoted: AIM Surplus has a brand new M1 for around $400.
Don't know how GI or MILSPEC it is. Take a look.
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That's the IAI carb. Very nice and a better deal for the money than the GI model. I've got an Inland that is nice but the IAI carb will be much more accurate. The Gov't carbines were built with fairly loose tolerances to enhance reliability. I'd go with the IAI carb if I were buying one now.
Lots of junk at gunshows. You need to really check these out. Lots of parts guns. Check SN's on parts, check bore and bolt, and definitely check out that receiver well. Many gunshow guns I've seen are pretty worn. Saw a beautiful Inland carb last year, though. LNIB, or close. They wanted $650 for it though- too much for me. Got mine for $250 about 4-5 years ago.
If you get one I'd largely stick to the 15 round GI mags. Still cheap. 30 rd mags are not near as reliable, in general.
Fun to shoot. Recoil of a pop-gun. My kid loves it. He's been trying to get it from me since I got it for father's day!
Avoid foreign made bayo's IMO as well.
There are some good deals on .30 carb ammo right now, also. Just look through SGN.