Part of the initial run of Walther's German military P.38 production, the Zero Series served to "fine tune" the Walther HP to Wehrmacht specifications, and was an important stage in the pistol's development. These Zero Series pistols are very scarce compared to standard production P.38 pistols and have become extremely popular among collectors due to how they illustrate the important changes made during production of the model. This particular example is a fourth variant of that series. Features fixed blade front and notch rear sights, a round firing pin, a serrated takedown lever, and an exposed extractor. The slide is marked with the Walther banner and "P.38" on the left, with "eagle/359" proofs on various components, matching full serial number marked on the slide, frame, and barrel, with matching partial numbers on the locking block and inside the Bakelite grips. Includes a replacement P.38./ac" marked blue magazine.

Excellent overall, retaining 95% plus original blue finish with light edge wear, limited minor spotting on the left forward slide and muzzle, most of the original white and red enamel paint on the back of the iron sights, and clear slide markings. Mechanically excellent.