7,250 of these Walther "480" code P.38 pistols were manufactured in 1940, with far less surviving today, especially in this high state of condition with a matching magazine, as these were issued and used throughout World War II. The "480" code Walther P.38 pistols were the first true German military contract production run, with the improvements developed during the Zero Series production integrated into the design. Features fixed blade front and notch rear sights, slide marked on the left with the "P.38" model designation and "480" Walther code, and "eagle/359" acceptance proofs on various components. All matching visible serial numbers on the barrel, slide, frame, underside of the locking lug, interiors of the "eagle/359" inspected ribbed Bakelite grip panels, and on the left of the original magazine. Import marked left bottom surface of the slide.

Exceptionally fine, retains 90% original blue finish with some minor holster related wear, a few small patches of light surface pitting visible on the slide, some minor surface freckling, and sharp markings and edges in the metal overall. Grips are very fine with minimal handling wear. Mechanically excellent. A very scarce World War II German military "480" code Walther P.38 pistol in exceptional original condition with its matching magazine, a desirable example for the advanced German arms collector.