Produced in 1940, the "480" coded Walther P38 pistols represent the first true military contract P38s, showing an attractive commercial grade high polish blue finish not seen on later issue guns. Fixed sights, with the left side of the slide marked "P.38 480", followed by the serial number and the right side has the "eagle/ swastika" and "eagle/359" stamps. The "480" code is repeated on the left side of the trigger guard, with "359" proofs on several components and matching numbers on the frame, barrel, locking block and both of the ribbed black grip panels.

Excellent, with 90% plus bright original blue finish, showing bright wear on the high edges and on the front strap, along with some scattered handling marks. The grips are fine, with a small chip absent from the left grip panel and light handling marks overall. The magazine is numbered to a different P38. Mechanically excellent.