Considering that it is a handmade or at least a hand finished gun (the article talks about master gunsmith Frank Kaltenpoth finishing each individual gun with hand files etc.) in much the same fashion that Mike Krause handmakes his $15,000 .45 Luger, the price seems a little more in line...but still waaay to expensive for anyone but those with real deep pockets.
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If it's made after 1918...it's a reproduction
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