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LOT 3466
Rare Walther “480” Code P.38
Semi-Automatic Pistol Rig with
Holster and Two Matching Magazines - Serial no. 2754, 9
mm cal., 4 7/8 inch round bbl., blue finish, synthetic grips. Manufactured in
1940, the “480” code Walther P.38s were the first full production run of military
P.38 pistols, having benefited from the lessons learned during the “Zero Series”
P.38 run. 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 “359” proofs are present on several components and matching
numbers on the frame, barrel, locking block, both of the ribbed brown grip
panels and on the left side of both of the blued magazines (with one also bearing the “+”
spare magazine mark). Includes a black leather flap holster marked “dkk/43” on the rear.
CONDITION: Fine, with 75% of the original high polish blue, with bright wear along the high edges,
a ding on the front strap, and minor spotting and handling marks overall. The grips are very good,
with light cracking at the rear corners of the frame, and minor scuffs and dings overall. Mechanically
excellent. The holster is good, with a period replaced belt loop, scuffing and cracking. One will look a
long time to find another two matching magazine Walther 480 Code P.38!
Estimate: 3,500 - 5,500
LOT 3468
Excellent World War II German Walther Third
Issue Zero Series P.38 Semi-Automatic Pistol - Serial
no. 010362, 9 mm cal., 4 7/8 inch round bbl., blue finish,
plastic grips. Part of the initial run of Walther’s military
production P.38 pistols, the Zero Series served to “fine tune”
the Walther HP to Wehrmacht specifications as an important stage in the
pistol’s development. This particular example is a third variant of that series, fitted with fixed
blade front and notch rear sights, a round firing pin, a serrated takedown lever, and an exposed
extractor. The slide is marked with the Walther banner and “P.38” on the left, with “eagle/359” proofs
on various components, matching full serial number marked on the slide, frame, and barrel, along with
matching partial number on the locking block. The checkered grips are marked “480” and “Cewe” on
the interior, with no number on the left panel and a matching partial number on the right, and the
magazine is “eagle/359” proofed and numbered to a different Zero Series pistol.
CONDITION: Excellent, with 90% plus bright original high polish blue finish, showing bright edge wear on the slide and
barrel, and light handling marks overall. Grips are very fine, with minor scratches and dings. Mechanically excellent.
Provenance: The Thomas Whiteman Collection.
Estimate: 3,500 - 5,500
LOT 3469
Very Scarce Documented
World War II Era German Naval
Proofed “P 38” Marked Hans Römer
Leather Flap Holster as Pictured in “Holsters
of World War II” by Eugene Bender -
Manufactured c. 1939-1940 by Hans
Römer, based off the lack of three-letter codes
and date stamps. This specific holster is pictured on page 81 of
“Holsters of World War II” by Eugene Bender, noting that such
holsters were reportedly issued to naval artillery (anti-aircraft)
personnel and was one of four known to the author at the time
of writing. Features a circled “Hans Römer/Neu-Ulm” manufacturer
marking on the interior of the flap with “590” above, along with
“eagle/swastika/M III/8” naval and “eagle/swastika/WaA103” proofs,
“P 38” marking, and an “E 6448” service unit designation stamped
on the back side.
CONDITION: Very fine, with flaking dark
blue/black paint visible on the exterior
of the flap, clear markings, and supple
leather.
Provenance: The Estate Collection of
Charles Wagner.
Estimate: 1,800 - 2,750
LOT 3467
Excellent World War
II German Military
Proofed Hungarian
“jhv/43” Code FEG
Model 37 Pistol with
Holster - Serial no.
70072, 7.65 mm auto cal.,
4 inch round bbl., blue
finish, hardwood grips.
Blade front and notch
rear sights, with matching
numbers on the slide,
barrel and frame, German
model and manufacture
nomenclature on the
slide, and “eagle/WaA173”
proofed on the left side
of the slide. Included with
the lot is a brown leather
Luftwaffe-style holster with “jsd/1942” and “stick eagle/L21” marked on the belt loop.
CONDITION: Excellent, with 95% plus original blue finish, showing minor spotting and handling
marks. Grips are excellent, with light dings. Mechanically excellent. Holster is excellent with minor
scuffs.
Provenance: The Thomas Whiteman Collection.
Estimate: 1,500 - 2,500
As pictured and described in the book Military
Holsters of World War II by Bender









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