Re: police Luger?
Your hold open could probably be repaired for the same price as buying a new one. Even if more $'s, it is important to retain the original part. The first non-original part is the most costly, taking an all-original luger from a typical $900 down to $400 value in an instant. Subsequent replaced parts have little effect on value.
The S.P.L. marking may be an early marking from the early 1920's. Later pistols tend to be more standardized in style and this is noted on the military lugers, too. This is not my comment but from an older luger expert. Occasionally, a school stamp appears that looks similar to a police stamp but is slightly different. Still identifies most of the school stamps as beginning with the letter P. S.P.L. is mentioned on p196 of Jan Still's WEIMAR LUGERS as corresponding with a Saxony police department unlike most police marked lugers which are Prussian.
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