Dwight,
The holster seems correct based on what you have described. Vogel was a large supplier of KM holsters; I don't have a problem with their not being present a Reichsmarine (Reichsmarine transitioned name to Kreigsmarine in '34) Anchor M. A logical explanation is holster was in Army stores until transferred to Navy sometime after '34.
In good to excellent shape( Firm leather, no scuffing, threads tight , completely intact), the holster would bring from $300-4o0 on the East coast.
I bought one very similar last year that was in almost unissued condition and gladly paid $700 for it.
Tom A
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