This is an exceptional example of a Model 1923 Commercial Luger that was produced by the DWM factory. These pistols fall into the post World War I five-digit commercial serial number range, produced expressly for the U.S. market. These Lugers are very similar to a 1920 Commercial except they can be easily identified as they were marked in English, "LOADED" and "SAFE" on the extractor and upper safety position. They have standard commercial markings with the blank chamber area on the barrel extension and the standard DWM logo on top of the front toggle assembly. The various parts are all numbered in the commercial fashion, with the full serial number on the frame and underside of the barrel with the other parts numbered with the last two digits of the serial number. It has the standard inverted barley corn front sight with the notch rear sight. The front of the frame is correctly marked "GERMANY" indicating it was intended for export. The underside of the barrel and barrel extension have a standard "Crown/N" commercial proof. Unmarked nickel plated magazine with unnumbered wooden base stamped "GERMANY".

Excellent plus with 99% of the original blue finish overall with only minor edge and high spot wear. The various small parts retain 98% of their straw colors overall. The grips are also in excellent condition showing only minor handling marks in few places. Mechanically excellent. The pistol has matching numbers except the magazine as noted above. An excellent late production DWM 1923 "Safe" and "Loaded" marked Luger pistol.