I saw this very Borchardt today at a gun show in Charlotte, NC. The guy that was selling it was very nice and very knowledgable about all the pistols he had(about 30 or so and about 70 more Lugers at home).
www.phoenixinvestmentsarms.com is his website. Unfortunatly, I was able to hold the gun and look at the points of wear as stated above as I was too wowed by the holster and the bright shiney parts on the gun.
He is selling the Borchardt and others to get another Luger(1902 Prototype.)
I hope I made you all jealous
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He had two Deathhead Lugers, although I couldnt tell if it was mickey mouse or a skull and crossbones, but he was confident they were real.
One Luger he had, was a minty looking AF Stoeger American Eagle, it still has the original cosmoline oil from the factory, this thing looked out of the box, and it made you fell back in time. He also had many Artillery, a Kreighoff, and a Luger contract pistol that had an E marking on the chamber.(I forget the country, Bulgaria?) He also had a very nice Railroad Police Luger with the Flying Wheel grips, oh how I wanted that! But of course I'd settle for the two Russian Contracts he had, well, I am still starting my collect only 1/30 Lugers I want.
That Borchardt was....nice. First one I have seen in real life, although I didnt get to hold it. if you have 26000 American, go for it!