Sapper,
Welcome to the forum! Nice Mauser Luger...
I can't tell from the pictures... Is there bluing finish left on the gun, or is it mostly in the white?
Get some preserving oil onto your Haenel magazine to stop the corrosion. I'm not sure what you should do to remove the rust. Perhaps light use of 0000 steel or brass wool?
Tom Heller ("lugerdoc" on this forum) is a great source for original Luger parts and advice. I've dealt with him several times and am happy with each transaction.
I don't have my references here, but will chime in later if others don't fill you in on details about your Luger.
If you choose to fire this after you've done your repair, look for reduced loads. Lugers were not designed for today's NATO power or +P rounds. Many recommend common white box Winchester 115gn or 124 gn ammo.
All matching parts increase the value of your gun. If you shoot it and break a numbered part, the value will drop considerably.
Finish condition is next on what collectors look for. Values jump as you get better than 95%.
Any refinish work reduces collector interest.
Marc
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