Hi Walt,
I have had 2-3 holsters in Jerry's shop for repair...and he never disappoints.
Reading on the Luger Forum and on Jan Still's Gun Board, it seems that most luger collectors that strive for all original and not-messed with lugers do not seem to object to having excellent restoration work done on their leather...
Repaired, I think your holster would be a bargin at $ 270-300...it is a beauty !
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