Hi James, and welcome to the forum.
You have a very nice DWM Alphabet Commercial Luger made in the 1924 timeframe. The magazine is not period to the pistol. Your serial number is "311o" where the "o" is part of, the serial number and a suffix to the numeric digits. Should be a 3 7/8 inch long barrel.
It looks to be in original finish. Is it marked "Germany" or "Made in Germany" anywhere?
You would expect that if it was shipped by DWM to the USA.
These are generally valued less and considered less valuable than military Lugers. One in very nice condition like this would be worth more than most. They start out at about $600 and work up to $1000 or so.
Marc
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 Igitur si vis pacem, para bellum -
- Therefore if you want peace, prepare for war.
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