As stated above, the sleeve is rolled white gold double. The cap top and cap tube are also rolled white gold double, but inner material is ebonite same as that of standard model 100. The cap and sleeve are decorated with bands of plain stripes alternating with a wavy guilloche pattern. Different from standard model 100, clip is made of nickel silver (also known as German silver or Alpacca).

This pen has a tapered grip section characteristic of the fourth generation (ca.1933-), while it has 4 vent holes cap of the third generation (ca.1931-) (Fig.1). So, this pen seems to the transitional version from the third generation to the fourth generation, or Günter Wagner utilized the old part (cap tube) of the preceding generation.

The precious metal models or “luxury models” (model 110-112) were still on the 100th anniversary catalog (1938), but no longer on the corresponding export catalog (Pelikan Schreibgeräte​)⁽²⁾. By the end of March 1939, all precious metal models for the domestic market were discontinued (Pelikan Schreibgeräte). 

Model 110 was reissued as "Originals of their Time 1931 White gold" in 2000.

Note;⁽¹⁾For model 110, cap top and cap tube had been overlaid with rolled white gold. Clip was white gold-plated.White gold is an alloy of gold and at least one white metal (usually nickel, silver, or palladium).
⁽²⁾The precious metal models or “luxury models” for the export market were replaced with those of 100N in 1938.