Welcome to the forum. The chipped left grip can be repaired(a common problem) by our own Jim Solomen(sp) if you so desire. These lugers make good shooters, and many of us enjoy the 7.65P(30 Luger) caliber. I purchased my first alphabet Luger in 1972, and still own, and shoot it. I am a handloader, so I can shoot it quite cheaply....many on this forum handload for this caliber.
Lugers like to be kept clean and well lubed. Congrats on your FIRST Luger.....they can be quite addictive.