Manufactured c. 1939-1940. Features fixed blade front and notch rear sights on a matted rib, commercial "crown/N" proofs marked on the right side of the slide and barrel, Walther "banner", address, caliber, and model designation marked on the left of the slide, a 60-degree throw safety lever, and the serial number marked vertically on the right of the frame. Fitted with a checkered brown/black plastic Walther "banner" marked wrap-around one piece grip and a Walther "banner" and "PPK" marked blued magazine with a brown/black plastic grip extension on the base.

Excellent, retaining 90% plus original blue finish with light holster pattern edge wear, some minor cycling wear on the barrel, plum coloration on the trigger, and some scattered minor handling evidence. The grip is very fine with a hairline crack in the backstrap and some warpage that leads to occasional interference with the safety lever, otherwise crisp checkering, banners, and attractive coloration. Mechanically excellent.