What a beautiful pipe. If it were me, I wouldn't smoke it. I'd keep it in good condition and give it to my (future) son to smoke (once he'd learned on a less historic pipe).
Congrats on that beauty. As for me when it comes to deciding to smoke it or not.... "hmmm let's see here. There's a hole going through the stem and shank to the bowl that also has a hole in it where a good few pinches of tobacco would fit quite nicely...." 'SKRITCH' (that's the sound of a match striking). Yep! Smoking that bad boy! :D Enjoy the heck out of it!
Made the horrible discovery a few minutes ago that it accepts regular sized pipe cleaners, so maintanence won't be an issue.....crap. Yeah, it's probably going to get smoked.