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I also have 65 PP in 22LR in box all the paper work, which the bluing is turning gray on the back strap, I was wondering if it would worth it to have it refinished. Any thoughts on the value. in excellent shape less than 1000 rounds.
 

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The value of your pistol is better preserved by NOT refinishing it. Better a good cleaning and taking care with the remaining finish.

Other than encouraging you against a reblue, I can’t help with a modern value. Personally I would find a .22 the most desirable of any pre or post war Walther.
 

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It's hard to provide an accurate price estimate without pics but I would say $700-1,000 would be close. Please do not have it refinished.
 
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