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" on the body. Includes a black leather flap holster, marked "gxy 1942" and "P.38" on the rear, and an extra "P.38" marked magazine.

Fine, retains 50% of the original high polish blue finish with the balance having thinned to a smooth grey or plum-brown patina, mostly on edges and the grip straps, and some scattered patches of light pitting. The grips are very good with some scattered light handling marks and crisp checkering. Mechanically excellent. The holster is also fine with moderate wear.