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$500-$550 would be a reasonable retail asking price on fair used condition.

Buds sells these Colt Pocketlite pistols occasionally for $520 when they are traded in.

According to the blue book of gun values the colt pony pocketlite is very similar to the colt pony 90 series except it is lighter. They were made in 97 and 98. The gun also weighs approx. 13 oz and is chambered in 380 acp. The last msrp was 529, but the blue book values are as follows. 100% condition $750, 98% condition $675, 95% $550, 90% $450, 80% $350, 70% $300, 60% $275. Hope this helps

I saw one in my local gun store for $500 in excellent condition about a year ago.