While a police accepted Luger is generally more valuable, the mix of parts does make it more of an interesting "shooter" than "collectable" pistol.
I'm with Ed's valuation or slightly less. Perhaps $1100.
The side plate and sear do look properly fitted. Is the gun's operation good?
I don't know if it is the photo angle, but that is a rather unusual rear frame profile where the Mauser hump is located. Instead of being straight up and down below the hump, this one looks angled...
Marc
__________________
 Igitur si vis pacem, para bellum -
- Therefore if you want peace, prepare for war.
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