It is steel. (a magnet sticks to it) It has a lighter cast (light brown) to the finish than appears on the pictures. None of the holes in the frame give the appearance of being drilled. There is a seam visible along the front and back straps and inside the magazine well. I purchased it at an estate (primarily firearms) auction about fifteen years ago. It was an odd piece amongst the other firearms there. Since it was the "odd duck" and not of interest to most folks who were there for a nice collection of American long guns, , I picked it up for $20. Unfortunately, no story or provenience with the piece. I bought it on a whim and with the fleeting thought of making (or having made) into a target pistol as I mentioned in the first post. It sat on a shelf due to work and kids. I'm a firearms instructor and a WWII nut. I've owned two lugers through the years (mismatched shooters) and know them to be great weapons when sorted out. Thanks very much for the comments. They help me me understand what I have and a little bit better idea as to how to proceed from here. (which kinda sounds like put it back on the shelf)
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