The more common the Luger, the more the true collector demands it be in as perfectly original condition as possible. The rarer the Luger, the more a true collector will tolerate less than perfect condition. Your 1920 is only moderately collectible even in perfect original condition. The fact is, your Luger is useful only for plinking at the range and would only be of interest to a shooter or perhaps to an accumulator who wants to own something from the Luger family just as a conversation piece, even if refinished. You may get a cheap $75 Bubba reblue or spend around $400 or more for a professional restoration. In either case, a true collector will have virtually no interest as he will probably be able to discern that the finish is not original. Save your money for a nice Luger with a decent original finish, preferably in 9mm. Many are available at around $800, and if you can't find one, I'm sure some of us on this forum can help you.
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