Hi Joe,
Welcome to the Lugerforum.$550 is not an unusual price for a Luger in the shooter class (guns that are not rare, with mismatched replacement parts, or in poor condition, or guns that have been refinished)... Those that fall in the collector class (fine condition, rare, fully original parts, with matching accessories) can go for as much as several times this amount.
Your gun's currrent market value is dependent on its rarity, market demand for the model you have, original condition, any accompanying accessories and often its proveable history...
There are Luger Identification sheets in the Technical information pages of this website. when you have collected all the information asked for on these sheets, post the information here, (photographs are optional but encouraged and helpful) and you will be pleasantly surprised to know that those members who can educate you about its origins, history and current value will be glad to help you.
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regards, -John S
"...We hold these truths to be self-evident that ALL men are created EQUAL and are endowed by their Creator with certain UNALIENABLE rights, and among these are life, LIBERTY, and the pursuit of happiness..."
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