this 1900 appears to be reblued to me also
collectible is a fine line - reblue - depends on who reblued it, how it was reblued, etc...
value goes down as parts are changed, grips, wrong magazine, reblued, whether it is unusual, whether it is 'rarer' model, etc.
They made lugers from 1900 until 1945 and used them until the 80's in some places.
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