Hi Willyboy,
I echo the recommendation from other members to never fire this Luger. It is a piece of history, and rather rare.
Also, use extreme care when stabilizing the rust. It should be stabilized as soon as possible. You'll see discussion about how to gently remove red iron oxide using oiled very fine steel wool.
Regardless of the deterioration, never consider refinishing or touching up the bluing or straw. Any of this will considerably reduce the value (historically and financially) of your Luger.
Marc
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 Igitur si vis pacem, para bellum -
- Therefore if you want peace, prepare for war.
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