The Walther Olympia is considered, in terms of design, accuracy and finish, to be one of the finest target automatic pistols ever produced. The under side of the frame is drilled for counter weights. The rear sight is adjustable for windage and the front sight is adjustable for elevation. Grips are two-piece checkered walnut with a thumb-rest on the left side. The serial number is located on the left side of the receiver spur and on the left side of the slide behind the serrations. The right side of the slide is marked "CAL.22 long rifle". The opposite side of the slide is marked with the Walther Banner followed by the factory legend in two lines and the designation "OLYMPIA-PISTOLE". "Crown/N" proofmarks are present and the magazine has a wooden extension matching the grips (numbered to the gun).

Excellent overall with 90% of the original blue finish, scattered light dings, surface scratches, general handling marks and very light edge and high point wear. The grips are excellent with sharp checkering and light general handling marks. Mechanically excellent.