Produced in 1940, the "480" code Walther P.38 pistols represent the first true military contract P.38s, 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 "eagle/359" proofs on several components and matching numbers on the frame, barrel, locking block and both of the ribbed, "eagle/359" proofed black grip panels. The magazine is matching numbered to the gun and also has "eagle/359" proofs.

Excellent, retains 90% plus of the original commercial grade high polish blue finish with the balance having thinned to a smooth grey patina, primarily on edges, and a very small light patch of surface pitting on the left at the muzzle. The grips are excellent, showing an attractive dark chocolate hue with minimal handling evidence. Mechanically excellent. One will look a long time to find another example!