If it's all matching and in original finish, it's value is probably closer to $1500 in today's market.
As Gerald says, It could use a good cleaning and oiling. If you're not familiar with proper preservation of an older rust blued pistol, ask for help. Don't do damage to it.
Don't store it in a holster. That may be contributing to some of the finish deterioration.
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 Igitur si vis pacem, para bellum -
- Therefore if you want peace, prepare for war.
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