Generally there is a difference in Restoring and reblueing, but to many, many collectors, if it has any collectability, than a restore to make it look nice always places it into a different category, i.e. no longer a collector piece, usually a shooter. A few exceptions would be very rare or collectable pieces, but the value is always less than an original piece.
So, unless it is pitted, bad scratches, more blueing gone than you say (or more blueing), 75% is usually one of the cut offs for many colectors... But to me, I would rather have one that was all original than reblued / restored.
To give a value now, you would have to tell us some basic information about the gun. You said it had a 1939 holster? Is the luger marked 1939? What markings does it have on it?
A reblued luger might be worth $400 - $500, while a 75% luger might be worth $550 -600, all depends on what model it is? If a rarer / more desirable one, then the value would go up.
Pictures, description, etc., would help very much,
Ed
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Edward Tinker
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Co-Author of Police Lugers - Co-Author of Simson Lugers
Author of Veteran Bring Backs Vol I, Vol II, Vol III and Vol IV
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