IMHO, Todd has a winner. It looks to me to be an original 1914 Commercial and that is a scarce commercial holster. The lanyard is neat, but it is much newer than the gun and holster. A bargan and a great find. More photos of the interior will help, but I will be really surprised if they indicate anything other than an un-messed with Luger worth a lot more than he paid for it.
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If it's made after 1918...it's a reproduction
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