Not nickel at all, it's a rich very dark black Blue finish, like on a smith and wesson model 29 type finish. My theory is that someone took their personal gun, had it blued and engraved, they maybe pickup in war, or got when these were more available, as it's all matching numbers. It looks like, if you can imagine this, it was sold at some German gunshop as a new gun for sale years ago ( I know that wasn't the case, just imagine if it were) It was probably in escellent condition when sent to refin at local gunshop here I'd guess.
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