Hi Historicus,
It is a Luger, not a Ruger. The 1939 over the chamber is the date it was made. The forward toggle should have S/42 or 42 stamped on it... both are codes for Mauser.
The grips are plexiglass, probably from an aircraft. Many GI's did this to there prized Lugers. Many also had them nickle plated. Sadly the condition of the finish suggests that it was stored improperly, in a humid environment, which puts it in a shooter catagory.
Edit...Ron beat me to it.
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Mike C.
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