I also have a DWM Alphabet Commercial in the "m" block. My pistol is a couple thousand later than this one. It was made in 1923-1924 timeframe for export from Germany and commercial sale in the USA.
$450 is a good price for it. Looks to be in especially nice condition.
Marc
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 Igitur si vis pacem, para bellum -
- Therefore if you want peace, prepare for war.
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