Not sure about the 1910 DWM manufacturing process, but were the barrel serial numbers stamped after rust finishing like the later ones?
If so, (and it could be the lighting) I don't see the halos around the numbers that you'd expect. That could indicate a refinish.
You can stabilize the rusting areas of finish by using a good preservative gun oil, and well oiled steel wool. This will remove red oxide, and leave the black oxide unless you use too much pressure and are too aggressive.
There is normally red oxide visible deep in the finish of an old rust blued pistol in it's original finish.
Usually, Lugers are considered collectable when in original finish, all matching original parts and 80% or better finish coverage. One that is more rare could be considered collectable at a lower finish coverage. Given we haven't seen the grip frame areas, this looks like a higher percentage of finish than 70%. Straw looks decent too.
If everything is correctly matching, you got this for a very low price. At least a mid range collectable at a shooter price. If it is refinished, you still got a rarer pistol with matching magazine for a mid level shooter price. Congratulations.
Marc
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 Igitur si vis pacem, para bellum -
- Therefore if you want peace, prepare for war.
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