At a show in the SouthEast, I paid $625 for an unmodified .30 Luger DWM Alphabet Commercial 2 years ago in about 95% condition with correct magazine.
The combination of the ground lug, modified sight and finish condition puts it in the $450 range in my opinion. It's also got the left grip "chip" at the safety, broken when it was disassembled at one point.
Prices have softened in the past couple of years.
BTW, from what I can see of the magazine base, it's not contemporary with the pistol, but from a later period. The aluminum base magazines can vary in value from $150 to much more depending on many things. Please let us see a photo of it including the base and both sides. It may, in fact, add to the value of the package.
You'll get better pictures if you take them without a flash, and in indirect (shaded) sunlight.
Marc
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 Igitur si vis pacem, para bellum -
- Therefore if you want peace, prepare for war.
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