Fixed sights, with the Walther banner, two-line address/caliber markings and "Mod.PPK" on the left side of the slide, "crown/N" proofs on the slide, chamber and barrel, and a set of "WALTHER" banner wraparound grips. A matching number is properly hand-scribed inside the slide, in addition to a stamped number on the front beneath the muzzle.

Very fine, with 85% of the original blue finish, showing bright wear along the high edges, areas of gray patina, and scattered handling marks. The grips are fine, flexing outward slightly at the front and top. Mechanically excellent.