My first Luger is also a 42 code 1940 in almost exactly to same condition. It happens to be the one my father took off a german Captain during the "Bulge". Not only do I have the capture papers, I also have letters he wrote from Europe in which he mentions having possession of the pistol. The firing pin is unnumbered and both grip panels are off (46 instead of 48). Collectibility? Like FNorm said, "All depends on the collector". Is that the way my father's gun left Mauser ? No, probably not. I that the way it left the German Army ? Without a doubt.
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