Steve,
Value is subjective. Your 1920 Commercial is at the absolute bottom of the matching number Luger food chain, simply because there were so many of them made. On the other hand, your Luger is an excellent example of the general type, and will make for a very sweet gun to own and enjoy. Last year I purchased a 1923 Commercial .30 in about 95% condition. This gun is identical to yours except for it's year of manufacture and condition. I paid more than twice for it than what you paid. As soon as Thor finishes the restoration he is currently doing for me, I plan to send him this gun because I want it to be 100%. My Lugers have the value that I give them, not necessarily what the market dictates. Again, I urge you to contact someone in your area who wouldn't mind showing you a Thor restoration, and all your questions will be answered. If you can't find anyone in your neighborhood, get a cheap flight to Los Angeles and I'll be happy to show you my Thor restored Lugers. You have to see them to believe them, and then you won't want anything less.
DougT
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