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" on the body, with the matching partial serial number on the floorplate. Includes a black leather flap holster, marked "1941" and "P.38" on the rear.

Excellent, with 90% plus of the bright original high polish blue finish, showing bright edge and high point wear, a small amount of spotting and mild handling marks. The sights have been painted, white on the front and red on the rear, with a small amount of flaking. The grips are very fine, with some light scratches, and the holster is very good, with some damaged stitching and mild scuffs. Mechanically excellent.