Manufactured circa 1928-1929. Fixed sights, with the Walther banner, two-line address and caliber markings and "Mod.PP" on the left side of the slide, the serial number stamped vertically on the right side of the frame, and "crown/N" proofs on the slide, frame and muzzle. In the traditional fashion, the last digits of the serial number are hand-scratched inside the slide. Fitted with a 90 degree safety, large ring hammer, nitre blue small parts, checkered Walther banner grips, and a flat bottom Walther marked magazine.

Excellent, with 97% plus of the bright original high polish blue finish, showing some light handling marks and a few specks of surface rust on slide. The grips are excellent, with a few dings. Mechanically needs adjustment.