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Thanks for the help, guys. I’ve been doing a bit of research and think I want to shoot for a Luger if I can make it happen.
What types of things determine value aside from overall condition? I assume that military models are more desirable, and therefore more expensive?
Also, is a WWII production gun valued differently than earlier guns?
I don’t want to get my heart set on a specific type, only to find out that those are super desirable, and cost $4k.
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Overall condition (to include all matching numbered parts), manufacturer, plus matching magazine(s) are a few of the big things that determine value. It's very typical for a Luger to come with one unmatched magazine. If it has a matching magazine that bumps the price. It's rare to find a Luger with 2 matching magazines. That could bump a $1500 Luger up to $3000+. A Luger with one part mis-numbered and it's considered a "shooter" grade and drops the value greatly.
WW2 gun values vary a bit. There were 2 manufacturers (that I know of) during WW2. Mauser and Krieghoff. Mauser made somewhere around 40% of all Lugers ever produced, so they are more abundant. Krieghoff made about the fewest and were contracted for the Luftwaffe, therefor they are more expensive (typically $3000+, $4000+ is the norm)
DWM was the original manufacturer and also made Lugers for the Swiss. The DWM Swiss Lugers are probably the 2nd most valued Luger. Other companies and state arsenals made Lugers as well: Simson (Jewish manufacturer that was banned by Hitler once he came to power), Erfurt (German arsenal), Waffenfabrik-Bern (Swiss), Vickers.
You can find WW1 and WW2 Lugers somewhere in the $1500-$2000 range.
Commercial Lugers were made for civilian sales. Typically what you see are what is known as 1920 and 1923 commercial models that were sold in the US. These were mostly .30 Luger guns. Commercial Lugers are a bit cheaper, but the ammo is more expensive. It's not crazy expensive and if you don't plan to shoot it a lot the cost isn't that bad. I have a 1920 commercial and an 06/29 Swiss Luger in .30 that I shoot.