Since no one has mentioned it, the fact that it's marked "Loewe", as opposed to "DWM", means that it was manufactured prior to 1899. I forget the year that the name changed - maybe someone else can recall. So, it's not a C&R, it's an "antique", which means no license or transfer of any sort is required by ATF. Of course, not all gun shops (& probably no pawn shops) know this or even cares for that matter.
Pretty much takes a dealer that likes to cater to the collector as well as the hunter/target shooter.