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I am sorry to break the news to you, but as a "collector" item that value had been negated by the re-blue. I would get on the Walther forum to find out how much.
That does not diminish the value as a family heirloom.
As a side note, a Luger being shot has to be carefully considered as the parts are numbered and a broken part cannot be replaced (other than with a fake numbered part). If you have an intact fully number part Luger do not shoot it.
As a lesson to anyone looking, if you want it to maintain collector value do not change it. Rust is far better than re-blue. With the right technique rust can be minimized and then further rust stopped keeping it oiled.
So, yes you can shoot it as much as you want as it can be repaired if something breaks as you will not diminish the value.
Reloads would be best as modern ammunition is hotter than the original stuff and you could damage the gun requiring repairs that are worth more than the gun is.
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