This is a Swiss Model 1906/29 manufactured by the Swiss at their factory in Bern Switzerland. Numbering on the 06/29 began at 50000 and this puts this Luger into early 1937.  This was a 7.65mm caliber with a 120mm (4 3/4") barrel. This was the last model produced by the Swiss up to 1947.  The red grips are distinctive of the early production models know as the 1st variation of the 06/29 Swiss.  (981)

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This model saw the elimination of the knurling on the toggles and thumb safety.  No longer was the magazine release and locking lever checkered but now smooth.  The magazine is a Swiss made bakalite and the serial number on the barrel is found above the thread ring.  The frame and receiver are blued internally and finishing is usually better on these guns than on the 24/29.

A chromium plated instead as chrome plated magazine, and the front strap of the grip frame was straightened. If there is anything that changed the look of the Luger it was the later.  The grip safety was extended to cover  the entire rear strap for both the right hand and left hand shoot complete coverage.  The grips were made of canevasit until 1939 when the brown grips of bakalite were used.

The trigger was widened to 10mm making is larger than the 06/24 but smaller than the "wide trigger" of the 1900 model. The rear sight is now "U" shaped at manufacture.

Before Lugers were released by the Swiss they were refurbished by the factory and marked "P" for Privatization.  The inside is very clean.  Below are details visible on the toggle. 

The rear grip displays the full grip safety.

The Waffenfabrik Bern Logo and the "U" shaped rear sight.

The "P" indicating Privatized or guns released for civilian use.

Few guns are out of the box new and these are premium priced. Bluing percentages is like Beauty, in the eye of the beholder. It is entirely subjective to give any weapon a rating of excellent or fine, just as it is to declare it xx% blued or strawed.   We strive to provide pictures so you can judge for yourself if the gun meets your criteria. This Luger is identified as a curio and can be send directly to C&R licensees and above.  If you have any questions about this or any of our Lugers email josef@phoenixinvestmentarms.com .