May 12-14, 2026 Firearms & Militaria
Lot #1218:
(C) RARE EARLY WALTHER P38 7.65 SEMI-AUTOMATIC PISTOL
This lot is closed for bidding. Bidding ended on 5/12/2026
Very scarce Walther Model P38 in caliber 7.65mm, double action with checkered wood target stocks. This gun falls into the earlier production which was produced randomly from serial number 1021 through 3095, when production ceased being made on a special order basis, the first time the double action 7.65mm P38s were produced in sequential quantity, rather than on a single order basis. Pistol is featured on page 112 of Volume One of the "P.38 PISTOL" by Warren Buxton. September 1940 production. Standard configuration P38 with 5" barrel having drift adjustable front sight and fixed rear sight. Left side of slide marked with the usual Walther banner followed by 2-line address that includes “Cal. 7,65 m/m” and suffixed by “Mod. P38”. Safety marked with a white highlighted “S” and red highlighted “F”. Eagle/N marking on right side of slide, right side of barrel, and right side of frame. Fitted with checkered wood target grips. Mag unmarked other than Eagle 359 waffenampt. Major and minor components with a salt blue, high polish finish. PROVENANCE: The Collection of Expert and Author Warren Buxton. CONDITION: Approximately 97% bright high polish blue with sharp edge wear, thinning over the coverplate and front strap. Excellent wood grips. Bright bore with sharp rifling. Perfect manual mechanics. A very desirable pistol from the noted collection of Buxton and featured in his book..