Produced for use by German police forces before and during WW II and between numbers reported in Rankin's Walther survey. Fixed sights, with the left side of the slide showing the Walther banner, two-line address and caliber mark, and "Mod. PPK", with the "eagle/N" proof on the right side of the muzzle, chamber and slide with matching partial serial number properly scratched into the slide interior and the "eagle/swastika C" police acceptance proof on the left side of the frame. Fitted with a smooth trigger, serrated ring hammer, 60 degree safety, checkered wraparound Walther grips and a matching colored extension base magazine. With a black leather holster (for another model of pistol, possibly Mauser HSc) marked "JHG/44" (Genschow) on the lower flap and "WaA41" (Genschow) on the strap, and a small canvas pouch marked "BOYT/42" on the interior.

Very fine, with 85% plus original blue finish, showing bright edge wear, areas of gray patina, and mild spotting and handling marks. A small scratch is present on the chamber hood. The grips are fine, with a crack forming on the rear and some flexing of the upper edges. Some light cracking and scuffs are visible on the holster, and the pouch has some rust stains. Mechanically excellent.