Rock Island Auction Company
1-800-238-8022
Back to Catalog
Auction Date: September 10, 2011

Lot 1335: Walther - P 38

Sold for Walther - P 38
Full Screen
Sold For:
Serial Number 1020 Walther Second Development Stage Prototype P38 Semi-Automatic Pistol
Estimated Price: $30,000 - $60,000
Item Views 140 Bid Activity Average
Serial #Walther - P 38 ManufacturerWalther ModelP 38
TypePistol Gauge9 Mm P Catalog Page10
Barrel4 7/8 Inch Round FinishBlue GripCheckered Plastic
Stock ClassCurio & Relic Handgun RatingSee Condition
DescriptionProduced in December 1939 / January 1940, this pistol belongs to the Second Developmental Stage of the P38, a grouping so rare that according to expert Warren Buxton's book "The P.38 Pistol", this is the only identified example and most importantly the beginning of the Nazi P38 Military contract. The First through Fourth Developmental stages were among the earliest prototypes of the P38 pistol, part of a range beginning at "1001" and they were marked HP, during which every gun was a test bed for features considered for the main run of production. Being such a low number in this range, this is the FIRST pistol to bear the "P.38" markings. Similar overall to the very early Zero Series pistols, this pistol is outfitted with a unique safety and cocking arrangement; unlike the combined safety/ decocker seen on almost all P38s, this example is fitted with a decocker alone, which works in conjunction with a retracting rectangular firing pin and an "anvil" pattern hammer. Additionally, the configuration results in the hammer not engaging when the slide is cycled, making the pistol "double action only" in semi-automatic fire, with the option to manually cock the hammer still present. While the decocker lever is a feature that remains popular to this day, the style of double action employed on this pistol is very unique. The grips are also of an earlier style, featuring a section of material which extends up behind the slide catch, a section which would be deleted from regular production in order to increase the ruggedness of the grips. Early style slide, lightly flared out ahead of the serrations, with a concealed extractor, Walther banner and "P.38" on the left side, and a single "eagle/ 359" proof on the reverse. The "359" is repeated on the slide catch, with matching partial number "020" on the side of the locking block. Grips are checkered black plastic, with the round indentation around the lanyard staple, and "0939" and "eagle/ 359" on the magazine.

ConditionNear new, with 99% bright original high polish blue finish, showing some mild handling marks and edge wear. Grips are very good, mild handling marks and sharp checkering. Mechanically excellent. This pistol is the "HOLY GRAIL" of the P38 collecting world.
Click here to see keyboard shortcuts.
F Enters/exits full screen view for items
Esc Exits full screen view for items
Moves to previous lot, or moves to previous image if full screen view is enabled
Moves to next lot, or moves to next image if full screen view is enabled
Fully zooms the image when full screen view is enabled
Fits the entire image to the screen when full screen view is enabled

Payment

Buyer’s Premium: 17.5%

Cash Payment Discount: 2.5%

Participation Requirements: Valid Credit Card required for bidding approval. You will have the option to pay with these payment options: Visa, MasterCard, Discover, Check, Money Order, Wire Transfer, and Cash.

Sales Tax: It varies each auction typically around 94% of auction items are not subject to sales tax. Read more here on sales tax.

We will contact you after the auction to arrange payment and shipping.

Terms

Premiere Auction Terms

Terms and conditions regarding Premiere Auctions. Revised : 08/29/2014

Shipping

SHIPPING CHARGES. All shipping charges must be paid by the successful bidder prior to delivery of the firearm. If Rock Island Auction (RIAC) is asked to ship the purchased lots, there will be a separate charge for such shipping. Shipping charges will be based upon what it costs RIAC to ship the purchased lots to the purchaser. All items must have shipping insurance; this insurance is mandatory. RIAC will not charge any labor charges for shipping. RIAC is not liable for any acts of omissions in packaging or shipping. Purchased lots handled by outside carriers or packers, including those RIAC may have recommended, may carry their own insurance and any claims for losses or damages should be addressed directly to the outside carriers or packers. RIAC will arrange for packing and shipping at RIAC’s earliest possible convenience. RIAC will attempt to ship as soon as possible; however, due to RIAC’s high volume of absentee bids, shipping can take up to two weeks after full payment is received. In the case of crating or any exceptional packaging, the purchaser will be charged RIAC’s cost from outside agents. Purchaser pays shipping, packing materials, and insurance charges. The shipping of any purchased items outside of the United States is hereby classified as “foreign export”. All foreign export is the sole responsibility of the purchaser.