In Germany, you can buy a nice condition refurbished luger for under 700 Euros. So, as stated above, restoration costs will always be higher. If you want a good restoration done, someone will have to weld in all the pits and then reshape the surfaces, this will take a good amount of time, and will cost well over the price of a pistol in nicer condition.
You can also have it cleaned up a little, but that will either leave traces of the pitting, or destroy most of the surface of the gun, including any markings and sharp lines.
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