I agree with Frank. What you may (big word) have is a WW2 naval P08 and not a WW1 navy P04. I don't watch the WW2 Lugers much but I think that some of them had navy crown M proof marks on P08's. But I have also seen P04's that had their barrels shortened after WW1 and fitted with new barrel crowns and front sights. Some of these were not even fitted with new crowns which were basically just a sleave over the tip of the shortened barrel. They just had front sights put onto the hacked off barrels.
Big Norm
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