Manufactured in 1940, the "480" code Walther P.38 pistols were the first full military production run, with the improvements developed during the Zero Series production integrated into the design. Features fixed blade front and notch rear sights, with the left side of the slide marked "P.38 480." "Eagle/359" military acceptance proofs present on multiple components. With matching serial numbers on the barrel, slide, and frame, with "509" partials on the underside of the locking lug. Fitted with a pair of ribbed Bakelite grips with "509" partials on the interior. Includes a replacement "eagle/WaA706" proofed, "P38" and "jvd" marked magazine.

Exceptionally fine as professionally restored, retaining 98% bright high polish blue finish with minor edge wear, plum coloration on a few components, and light spotting/pitting on the magazine. The grips are very fine with minor handling evidence. The safety mechanism needs work, otherwise mechanically fine.