My "pride and joy" Model M is a September 1986 1390131 that I bolt-modded and added 2010 Unicomp springs (thanks demik) along with orihalcon's USB cable.
Amazingly, it came to me with < and I am not making this up > not one single broken rivet.
Every other Model M I have had (which is well over a dozen) has had 10%-50% broken rivets.
The good qualities of the old (pre-early-1989 or thereabouts) Ms are very heavy back plates (on the very early ones the metal is shiny and yellowish, later it is dull gray), heavier wiring and cabling to the controller, and wire stabilizers on the long keys (and I am not sure that I think that these are superior to the later plastic insert stabilizers).
The 1390120s and 1390131s have the square metal badge which is infinitely classier than the stamped plastic labels.
I have never had a controller fail on a 1391401, but several later controllers have gone bad.
All that said, the first M I ever bought was a lightly-used 1991 black label 1391401, and I have left it totally stock and it still feels just about as good as any of the others.