View Full Version : Q: What is my WW2 P38 pistol worth? Pics inside

10-15-2009, 8:34 PM
My old man give me this pistol years ago and I wanted to see what you guys thought it was worth. I've shot it a few times and it's never given me any issues (other than having a really heavy DA trigger which is characteristic of this pistol); it's been cleaned and stored for the past few years until I decided to pull it out and inspect it more closely.

Here's what I know about the pistol and I'd appreciate it if you guys could give me an idea of what it's worth (especially in CA):

According to the mfg code, "AC44", the pistol was mfg by Walther in 1944.
The pistol has Nazi proof marks on the right side (three of them).
The rifling on the barrel is quite strong. I had a hard time taking a good pic of it.
The numbers on pistol frame, slide, barrel, and locking block (?) all match. In the interest of full disclosure, the locking block is stamped with a subset of the serial numbers stamped on the pistol frame, slide and barrel.
I believe this pistol is a GI bring-back; I did NOT find any import markings anywhere on the gun and I even checked along the backstrap underneath the grips
The grips are bakelite and are in great condition.
I have two magazines. they look identical except I believe one dates to WW2 (it's marked P38v)
The bluing on the gun is quite even and dark across the whole pistol; I think it may be original because the "P.38" stamping on the left side is quite sharp (doesn't re-blueing cause the edges to stamping to round off a bit?)
There is some pitting on the outside of the gun; you can see it on the slide. This is the only thing that I could see "bad" about this pistol.
The holster is marked "P.38 in big letters" on the belt loop side of the holster. It also has the small letters "jwa" above the number "4" in smaller print between the belt loops

In summary, here are the two question's I'd like your guys opinion on:
Q: Has this pistol been re-blued or is it original?
Q: what do you think this pistol is worth?

Thanks in advance for your replies.

PS. For reference, this site was super helpful

Pics - Click on each for a bigger pic
http://www.gunn.com/images/p38/sm_p38_left_blanked.jpg (http://www.gunn.com/images/p38/p38_left_blanked.jpg)

http://www.gunn.com/images/p38/sm_p38_left_close_blanked.jpg (http://www.gunn.com/images/p38/p38_left_close_blanked.jpg)

http://www.gunn.com/images/p38/sm_p38_right.jpg (http://www.gunn.com/images/p38/p38_right.jpg)

http://www.gunn.com/images/p38/sm_p38_mags.jpg (http://www.gunn.com/images/p38/p38_mags.jpg)

http://www.gunn.com/images/p38/sm_p38_holster1.jpg (http://www.gunn.com/images/p38/p38_holster1.jpg)

http://www.gunn.com/images/p38/sm_p38_holster2.jpg (http://www.gunn.com/images/p38/p38_holster2.jpg)

10-15-2009, 8:39 PM
I saw receivers at the gun show for about 1000$. Not new either. i really couldnt tell you what its worth. over 1K to a collector I would think

Milsurp Collector
10-15-2009, 9:42 PM
It looks to me like it has been reblued, because the finish doesn't have the patina I've seen on original P38s, and more importantly it looks like the finish was applied over the pitting.

Compare the finish on your pistol to these, and the sale prices:


You can see that matching, original finish P38s in good or better condition get $500-700. If it has been refinished and considering condition it has value as a shooter only, so I would put its value below $500. :)

10-15-2009, 9:51 PM
i agree with milsurp. it looks refinished to me. i don't think it would bring 1k. looks like going prices range from 6-800.

10-15-2009, 10:01 PM
Looks like a nice piece, but this is what they usually look like.
http://www.gunco.net/gallery/data/716/thumbs/p_38_001.jpg (http://www.gunco.net/gallery/showphoto.php?photo=12565)
Click to see full size

10-16-2009, 7:54 PM
Not an expert but I've been looking for a good WWII vintage P38 - for shooting, not looking at. As a result I've looked at quite a few. Yours looks to be in pretty fine shape, as if it's been fired rarely since being brought back. Looks re-blued, however, and reduces the value somewhat. Based on the sheen and pattern the grips look like the bakelite-type and appear to be in pretty good condition. WWII Walthers (as opposed to those marked "Spreewerke") seem to be going for $700-$900. Unless you really need the money I'd hang onto it. They have a rep as being good shooters except in rapid-fire mode. Fun guns to take to the range.

10-16-2009, 10:54 PM
6.4 mosins..... and 1.7 mosins for the holster....currency not in big 5 deals

G-Man WC
10-16-2009, 11:17 PM
Looks nice. I think it all depends on it's markings, amount made, and condition.

10-16-2009, 11:23 PM
i wouldnt accept a lowball offer like 7-800. you can get alot more

10-17-2009, 9:15 AM
I bought a nice condition WWII P38 in January for $400. Mine is also an AC 44, but in original condition (not re-blued). I'd say $5-600 for yours.

10-17-2009, 3:53 PM
Thanks for all of your feedback guys, it's pretty much in line with what I thought. I don't need the money so unless someone makes me an offer that would entice me (i.e.: not a lowball in the $5-700 range), I'll hold onto it for now.

1) Magazines: one of them has the p38v stamp. Is it a WW2 mag? I saw someone offering one for sale for $135 w/ p38v on it. Is that really what they go for?

2) Holster: is it WW2 original? It's in great condition.

3) The grips are also in great condition. How can I see if they are original?

I might consider spending $8 to visit the next beef jerky and knife show and walk around with it.. See if some eager beaver wants to take it off my hands :)

10-17-2009, 4:28 PM
i wouldnt accept a lowball offer like 7-800. you can get alot more
7-800 would not be a lowball offer, it would be in line for what it is. in fact that would be a great offer.

Milsurp Collector
10-17-2009, 7:36 PM
7-800 would not be a lowball offer, it would be in line for what it is. in fact that would be a great offer.

+1. If someone offers you $700 for it take the money and run. I've seen several P38s all matching, original finish for less than $700.