Hello Mike,
Thanks for the information regarding the gold initial on the chamber of the presentation carbine. When this carbine was auctioned by Butterfield in the mid-1990's, I do not know what made the seller or the auction house believe that it was a presentation to Hugo Borchardt. I doubt that it was a presentation to him, instead it was possibly a special order by a wealthy individual of a big American company through Hans Tauscher during the early 1900's. For example, the 'GL' presentation carbine serial #9112C with the chamber marking 'HCR - 1903' was a gift from R. J. Reynolds (tobacco company) to his chief financial officer Henry Caldwell Roan. I have had the opportunity to examine this carbine in my hands which has better wood and a higher polished finished than compared to a standard Luger carbine.
Albert
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