Part of the initial run of Walther's military P.38s, the Zero Series served to "fine tune" the Walther HP to Wehrmacht specifications and was an important stage in the pistol's development. Finished in a high-polish blue, the pistol is fitted with fixed sights, a round firing pin, and an exposed extractor. (This particular example is a third variant of that series).The slide is marked with the Walther banner and "P.38" on the left, with "eagle/359" proofs on multiple components, matching full numbers on the slide, frame and barrel lug, and matching partial numbers on the locking block and inside the "Cewe/480" marked grips. The magazine is marked "P.38" and "eagle/359" marked.

Very fine, with 80% of the original blue finish, showing areas of brown and gray patina, bright edge wear and mild handling marks. The front strap shows mild spotting. The grips are fine, with some mild dents. The safety lever hangs up a bit, otherwise mechanically fine.