Help identify: Luger 1906 Commercial 9mm

[briskspirit]

Hi guys!

I am new to this forum and also to owning old guns. Always was a fan of modern ones (except always wanted 1911 from 20-30s)

Few days ago I've bought my first Luger without prior "home work"... That was an impulse buy as I liked it (And bought it for less than what I see on GunBroker)

So after I examined it what I found:

Early 1906 Commercial BUG proofed 9mm (should be made 1906-1907?)

Serial numbers:
bottom of the barrel(full) - OK
front of the frame(full) - OK
breechblock (lower left side) - OK
extractor (bottom) - OK
front toggle link (bottom) - OK
rear toggle link (back) - OK
receiver(rear) - OK
side plate (bottom edge) - OK
takedown lever (bottom) - OK
trigger (top left) - OK
grip safety (under grip) - OK
magazine(NO serial) - OK


All proof marks seems on place.

So I ask for your help to check it and also opinion what to do next? :
1. It is fake/ it is dead - make a good shooter from it as it has no any value(change barrel)
2. Good enough sample, pretty scarce. Just clean it and keep it.
3. Between dead and collectible - restore it.
4. Your option

Also in your opinion how much it worth? I don't plan to sell it but rather want to understand if I paid too much

Thank you!