From your photos your family heirloom appears to be a desirable 9mm version...the barrel looks to be shorter and fatter than the more common 7.65mm chambering. A 9mm example is valued about one third more than the smaller caliber. Abandon any thoughts of restoration, you would reduce its value by about 50% and incur the cost of restoration. Congratulations on owning a very collectible rig.
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If it's made after 1918...it's a reproduction
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