Alex, from your description you will own a matching 1913 DWM military Luger. The barrel - possibly a replacement - is made of Bohler Steel (Bo) with a hardness factor of 24. Exactly how that translates to a Rockwell hardness I don't know.
The surface rust may be removed using 0000 steel wool or fine bronze wool and a good grade of gun oil. Apply the oil and rub gently in straight lines up and down the grip strap in the areas affected until the rust is gone. The bluing shouldn't be harmed.
The correct mag would have a wooden base. I'll have to check my references to see how the numbers (if any) should be stamped on the base. You can get a new Mec-Gar mag from Tom Heller (Lugerdoc) for, I believe, $25 plus shipping. They are good replacement mags and the two I have work quite well.
For $175, it's a rare bargain and you are one lucky young man. The quality of workmanship will be absolutely first rate and you will own a fine pistol. Enjoy it.
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