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. 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. The grips are marked "Cewe/480" on the interior, and the magazine is "P.38" marked on the left side.

Very fine, with 85% of the original blue finish, showing bright edge wear, mild handling marks, a few small areas of brown and gray patina and minor spotting. The grips are fine mixed numbered replacements, showing some light handling marks. Mechanically excellent.