Mercurio,
The additional photos help. The barrel seems to be original. However, as others have remarked, the gun has clearly been refinished in some manner. It appears to me that it may have been dip blued over the original finish and then some of the refinish removed. In addition, the glare in the photos suggest that the whole gun, including the magazine base, may have been sprayed with clear lacquer or something similar. I positive point is that the gun does not appear to have been buffed.
I note that the take-down lever spring appears to be missing and the tip of the ejector is broken.
You asked about value: In my opinion this is not a collector-grade Luger and I would place a ballpark value, with the broken ejector and take-down lever spring replaced, at about $1000. Others may have different opinions. I would say it is potentially a nice shooter.
KFS
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