Part of the initial run of Walther's military production P.38 pistols, the Zero Series served to "fine tune" the Walther HP to Wehrmacht specifications as an important stage in the pistol's development. This particular example is a third variant of that series, fitted with 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, along with matching partial number on the locking block. The checkered grips are marked "480" and "Cewe" on the interior, with a mixed number on the right panel and a scuffed/obscured number on the left. Two magazines are included, both marked "eagle/359" on the spine and bearing a zero series number on the left, with one matching the pistol and the other with a partially defaced "+" number for a different pistol.

Very fine, with 95% plus refinished high polish blue, with some scattered dings and scratches, edge wear, and mild spotting. The grips are very good replacements, with some scuffs and dents. Mechanically excellent.