In my opinion, your Luger is in fine condition and has not been refinished. The magazine lacks the concentric circles on the wooden base knobs that are usually associated with Navy magazines. However, the style of serial numbering and the appearance of the Crown/M proof looks like early First Issue Navy to me, and there are some authentic early Navy magazines that do not have concentric circles. I will let it to the Navy experts to tell me if I am right or wrong.
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If it's made after 1918...it's a reproduction
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