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Auction Date: May 6, 2017

Lot 2596: Early Walther 480 Code P 38 Pistol

Sold for Early Walther 480 Code P 38 Pistol
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Very Fine, Rare Early Walther "480" Code P-38 Semi-Automatic Pistol Serial Number "768" with Scarce 1940 Dated Holster and Extra Magazine
Estimated Price: $5,500 - $7,500
Item Views 265 Bid Activity Average
Serial #Early Walther 480 Code P 38 Pistol ManufacturerWalther ModelP 38
TypePistol Gauge9 Mm Luger Catalog Page284
Barrel4 7/8 Inch Round FinishBlue GripBrown Plastic
Stock ClassCurio & Relic Handgun RatingSee Condition
DescriptionThis is a fine example of a very early "three digit" serial number, "480" code Walther P.38 pistol. The 480 Code was produced in late 1940 and represented the first true military contract pistol with only approximately 7,250 produced. This early production P.38 has the high polish blue finish and brown plastic, ribbed grips. The left side of the slide is marked "P.38", "480" followed by the serial number, with the "480" code also present on the left side of the trigger guard bow. The serial number (768) is marked on the slide, frame, barrel lug and locking block. The right side of the slide is stamped with two "Eagle/359" Army acceptance marks on either side of a military "Eagle/Swastika" firing proof. The right side of the barrel lug and locking block, are also stamped with the correct "Eagle/359" Waffenamts as well as on the frame, take-down lever, trigger, slide release lever, firing pin cover, and on the side of the hammer. It is complete with two original early P-38 magazines, both have the correct double "Eagle/359" Waffenamt proof on the rear of the magazine. They are for another 480 code and marked "P.38/657+" and "706". The pistol is complete with an equally rare early black leather flap holster. It is stamped on the back side: "GENSCHOW & CO. A.G./1940/BERLIN". It has a single Eagle/WaA286 Waffenamt with the large "P.38" in the upper right corner. The front of the holster has been marked "LAMBERT", obviously for the GI that captured the pistol.

ConditionVery fine with 70% plus of the bright original blue finish still remaining overall with wear on the edges and high spots, sides of the slide, and the front grip strap. The markings are clear and distinct. The grips are in very fine condition showing only minor handling marks on the face of the grips. The holster is also in fine condition with a nice black finish overall with tight stitching and clear markings on the back side. This rare pistol has all matching parts except the two magazine. A prime German military collector pistol for the advance P38 pistol collector that is seldom encountered in this extremely fine condition.
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Premiere Auction Terms

Terms and conditions regarding Premiere Auctions. Revised : 08/29/2014


SHIPPING CHARGES. All shipping charges must be paid by the successful bidder prior to delivery of the firearm. If Rock Island Auction (RIAC) is asked to ship the purchased lots, there will be a separate charge for such shipping. Shipping charges will be based upon what it costs RIAC to ship the purchased lots to the purchaser. All items must have shipping insurance; this insurance is mandatory. RIAC will not charge any labor charges for shipping. RIAC is not liable for any acts of omissions in packaging or shipping. Purchased lots handled by outside carriers or packers, including those RIAC may have recommended, may carry their own insurance and any claims for losses or damages should be addressed directly to the outside carriers or packers. RIAC will arrange for packing and shipping at RIAC’s earliest possible convenience. RIAC will attempt to ship as soon as possible; however, due to RIAC’s high volume of absentee bids, shipping can take up to two weeks after full payment is received. In the case of crating or any exceptional packaging, the purchaser will be charged RIAC’s cost from outside agents. Purchaser pays shipping, packing materials, and insurance charges. The shipping of any purchased items outside of the United States is hereby classified as “foreign export”. All foreign export is the sole responsibility of the purchaser.