SOLD FOR: 2,101.00
Make: Walther, in West Germany
Serial Number: 501838
Year of Manufacture: 1977 (There were only 2600 of these pistols made between 1974 and 1981, with a serial range of 500000 to 502600.)
Caliber: 9mm Parabellum
Action Type: Single or Double Action Semi-Auto with Removable Magazine. This pistol has a de-cocker lever.
Markings: The left side of the slide is marked with a circled dot (Walther factory stamp for firearms made to military/police standards), a Walther banner logo, “Carl Walther Waffenfabrik Ulm/Do / P38 – K”. The left side of the frame is marked “501838”. The left side of the hammer and the left side of the takedown lever are marked with a polar star (indicated redesigned or improved part). The left front of the trigger guard is marked with a “HH” date code, an Ulm antler proof and a “Eagle / N” proof. The right side of the slide is marked with an Eagle / N” proof, “501838”, “INTERARMS / ALEXANDRIA, VIRGINIA” and “MADE IN GERMANY”. The flat at the front of the barrel is marked “9 PARA” and the left side flat is marked with a Walther banner logo. The right side flat is marked with an “Eagle / N” proof mark and a hardness test punch.
Barrel Length: 2 ¾”
Sights / Optics: The pistol is mounted with a flat topped square notched rear sight dovetailed into the slide and secured with a set screw. The front sight is a blade with a slightly ramped rear face and a curved front face that is fixed to the top of the slide. The rear face of the front sight has a small white dot and there is a small white square under the notch in the rear sight, creating a two-dot aiming system.
Stock Configuration & Condition: The grips are two-piece checkered walnut with an oiled finish. There is a shallow thumbrest on the left side and a cutout for a “D” shaped lanyard ring at the bottom of the left grip. The grips enclose the backstrap. There is a ding below the rear of the thumbrest in the left grip, a tiny mark near the bottom edge of the left grip and a very light mark in the lower rear face of the left grip. The checkering is sharp, with a strip of heavy wear down the back edge of the left grip where is was sanded/polished at the factory to make it flush with the uncheckered portion just behind the checkering. The grips rate in about Fine to Excellent overall condition.
Type of Finish: The slide and barrel have a matte black finish. The alloy frame is painted bright black.
Finish Originality: The finish is original. All of the markings are crisp.
Bore Condition: The bore is bright and the rifling is sharp. There is no erosion in the bore.
Overall Condition: This pistol retains about 97% of its metal finish. The left front of the slide shows thinning, a few light handling marks and a long light drag line. There is also a light mark in the trigger guard, two light marks in the left side of the slide, above and in front of the decocker, and a light line down the left side of the barrel where it rubs on the slide. The slide serrations and the serrations on the small parts are sharp. The markings are crisp. Overall, this pistol rates in about Fine to Excellent condition.
Mechanics: The action functions correctly. The double action trigger pull is a little stiff, and the single action pull has a small amount of creep. This pistol was not designed with a magazine disconnect, but does have a decocker on the left side of the slide, which does NOT function as a safety. The slide is tight to the frame. We did not fire this pistol. As with all used firearms, a thorough cleaning may be necessary to meet your maintenance standards.
Box, Paperwork & Accessories: This pistol does not come with a magazine.
Our Assessment: The P38 was the first locked breech pistol to have a single action/double action trigger and used a de-cocker instead of a safety to lower the hammer and allow the pistol to be carried hammer down on a loaded chamber. These features are still in use today on modern pistols such as the Beretta Model 92. The P38 was adopted as Germany’s main service pistol at the beginning of WWII and during the war, it was made by both Mauser and Spreewerke in addition to Walther. After the war, P38’s were manufactured by the French using captured Walther machines, and Manurhin was eventually licensed by Walther to produce the pistols commercially. In 1955, West Germany was allowed to reestablish its armed forces and Walther secured a contract to produce pistols for the newly established Bundeswehr. In 1963, the Army formally adopted the pistol as the P1, while the P38 continued to be made for commercial and police use. The post-war P38’s and the new P1, which were essentially the same pistol, were different than the wartime P38’s in that they were both made with aluminum frames. In the 1974, the P38-K was developed by shortening the barrel and slide, moving the front sight from the top of the barrel to the top front of slide. The safety mechanism of the decocker was eliminated, so now the decocker is only a decocker – when you depress it, the hammer falls, and when you release it, the decoder springs back up into the FIRE position. The grip frame was kept the same size so that P38 magazines could be used. Although this model was made from 1974 to 1981, only 2600 were made. This P38-K pistol is in about Fine to Excellent condition, but unfortunately, it doesn’t come with a magazine. This compact pistol would make a great carry pistol, but with only 2600 having been made, and given the nice finish remaining on this pistol, we think the Walther collectors will be very interested. That is almost a shame, because we like the fact that the safety was eliminated: it now acts like a double action revolver – when you pull the trigger, it fires. The shooters out there are going to miss out on what we think is an improvement to the P38/P1 design in a compact form.
CA Legal or CA Private Party Transferable: This handgun CANNOT be transferred as a dealer sale in California but CAN be sold as a Private Party Transfer (PPT) at our Simi Valley shop. All cartridge firing handguns (even C&R’s and antiques) sold to a California resident must be DROS’d. This does not apply to out of state residents.