thanks for your help I believe you are 100% correct with the show-buff, shortly after the post I found a "Wilson spring kit" which it contain a couple of those plastic buff and when I attempt to slide onto the guide rod it immediately shattered... along with that the kit also contained a few springs from ranges from #8 to #18 1/2 are those interchangeable? And as far as the guide rod replacement goes I have found this on eBay https://www.ebay.com/c/8011390306?iid=254301840937 would that work? Thank you so much for your help. This pistol used to belongs to my uncle and I would love to get it to work again.
Hard to tell from the photo, but you may be seeing the remains of an old shok-buff (Shok Buff). Wilson and others make them, they aren't always blue as the one in the link, and they are life limited. You can replace them inexpensively, and they offer some protection against frame battering, or you can leave them out, as some folks think they add an unnecessary point of failure.
You could get a replacement guide rod of standard length from Brownells, Midway, or a bunch of other suppliers. The full length rods can be a pain in the neck, but you do see them on high-end guns like your Wilson because they slightly improve accuracy and reliability. The standard length rods are also cheap, and are a drop-in replacement. You could pick one up and see if you can tell the difference.
I have inherited a Wilson colt 1911 mk iv series 80 recently and after I had taken apart the pistol to clean I have noticed there were pieces of plastic that was broken off I believe where it used to sits behind the spring of the guide rod. After I had finished cleaning the pistol I am currently stuck at getting the bushing/guide rod down the barrel because the bushing is hollowed out which I have no problem pushing down with a flat tip screw driver but the guide rod would not go down enough for me to swing the piece to lock it in place. I was wondering if anyone could tell me if I need to replace the plastic piece that was broken off and also if someone could point me the right direction as to maybe replacing the full size guide rod to a shorter version? of guide rod (and where I could possibly order one?) maybe that will solve my problem. TIA
Edited: I have attached pictures
I concur with @JohnnyB . This is a total non-issue as you're maintaining both as residences. Buy 5 more and you'll get the same answer Both residences are where you'll be residing, so BOTH are EXEMPT LOCATIONS.