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Discussion Starter #1
Hey guys, might try to pick one up.

Can anyone provide some guidance on what to expect to pay for the following:

P5 and P5C - Never fired, perfect. All boxes.

P5 and P5C - Great condition. Not perfect. Good for range use or carry.

P5 and P5C - Beat up but still save to shoot. Perhaps lots of wear and maybe even a candidate for restoration.

I know there are TONS of variants. Commercial guns vs police guns, UK bs Denmark etc....

So just looking for some general ideas.
 

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P5 & P5C prices can fluctuate quite a bit over time.

P5 and P5C - Never fired, perfect. All boxes. P5 - $1,000 to $1,500. P5C - Add $500.

P5 and P5C - Great condition. Not perfect. Good for range use or carry. P5 - $750 to $1,000. P5C - Add $500.

P5 and P5C - Beat up but still save to shoot. Perhaps lots of wear and maybe even a candidate for restoration. P5 - $400 to $600. P5C - Add $500.

Those are just some wags.....but ballpark. Like anything else, it sometimes depends on luck and timing.
 

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I only know what I deem acceptable.


For starters, there really are no BAD variations. I actually prefer the "stepped" mag release (early var) over the "flat". This change made inadvertent mag ejection for LEOs less likely. I think the stepped release is difficult enough.


Also, the later version firing pin dropping spring (easy to see, hole in top of slide near rear sight) is said to SLIGHTLY degrade trigger feel. I have 2 Var4s and 1 Var8, really slight difference.


The top of the prices is obviously NOS, these have NEVER been out of the supply chain or gun store hands, therefore, the best of the best. Expect around $1700/$1800 for the P5, $2100/$2200 for the P5C. Some well regarded firearm auction house attached to sale?? Add $500!!!


NIB, ONLY 1st owner can make this claim!!! He has had EXCLUSIVE access to firearm post purchase, and can attest to it NEVER being fired (or handled excessively, I've seen NIB firearms jacked from dry cycling/firing). Again MY impression of value, $1200/$1400 P5, $1600/$1700 P5C. Auction house? Add $500.


Appears NIB, no longer in first owners hands, looks unfired. My "bread and butter" sweet spot on getting unfired P5s at great prices. $1000/$1200 P5, $1400/$1500 P5C.


A well worn, somewhat dogged 60% shooter. $400/$500 P5


A clean, well maintained +90% shooter $700/$800 P5.


The Dutch destroyed around 50,000 P5s (all police turn ins) leaving slightly over 50,000.
 

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OF seems to think along the same lines.


Edit: Wow, really close values between the two of us! You're will to pay a little more for the P5Cs.


Part of what drives acceptable prices? What the purchaser thinks availability of NOS/NIB/Appears NIB P5s & P5Cs will be in the future. I see the market thinning out some (why I'm grabbing all I can now). Also, the Political winds effect prices.


Part of what keeps my P5C value SLIGHTLY down is the Doll Factor, the loss of .5" makes it seem stunted to my eye.....
 

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Discussion Starter #6
Great guys! Just what I needed to know.

Ok...now dumb question time. A P5 can have the longer barrel or the short barrel and still not be a P5C right?

If I were to find 60% gun that is fully functionall, and restore it....all new bluing, new grips, what would happen to the value?

Let’s say I spend $400 on a gun....put another few hundred in it, will it still be a $400 gun or more like a $600 gun?
 

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Great guys! Just what I needed to know.

Ok...now dumb question time. A P5 can have the longer barrel or the short barrel and still not be a P5C right?

If I were to find 60% gun that is fully functionall, and restore it....all new bluing, new grips, what would happen to the value?

Let’s say I spend $400 on a gun....put another few hundred in it, will it still be a $400 gun or more like a $600 gun?

All P5s are 3.5" barrel (unless you find a P5 Lang, if you do, buy a lottery ticket too, You'll win), all P5Cs are 3." barrel. The M2 mag release makes the P5C a viable carry choice is.


I would think a properly refurbished beater P5/P5C would see a 50% increase in value. I would be all over a Robar NP3 finished "well used" P5 for around $600/$700. Great shooting gun, with a great, super slick, wear resistant finish.
 

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The $500 adder for the compact version cited above seems a bit low to me based on what I have seen over the years. I would place the premium on the compact at closer to $750, at least at the better end of condition. FWIIW, I have never seen a compact in poor cosmetic condition advertised for sale, unlike the full-size version, probably because of duty and carry uses for the P5.

I used to think the compact was much less attractive than the P5, but there are some smoothed edges and other touches on the compact that make it quite attractive in person. YMMV
 

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I agree, I personally undervalue the P5C at this time. Might be why I don't have one yet.


The south Austin gun store where I picked up my Var8 spotless P5 had five "appeared NIB" P5Cs, $1295 per, HK got the last one a few days before I grabbed the same consigners P5.


I would have grabbed all five P5Cs at that price.
 

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I paid $995 for my P5 two or three years ago. The pistol looked new and unfired. It was import marked but that was unobtrusive and neetly done. All it came with was a box and bilingual Swedish/German manual. I picked up a single spare magazine for $95.
 

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I picked this one up yesterday, for 1k. Sold for 2k almost 4 yrs ago......
https://www.waltherforums.com/forum/trading-post-parts-bin/39981-wts-nib-9mm-walther-p5-combo-extra-7-65-para-barrel.html
Odd how the purchaser of this new P5 states it came with a 7.65 Para "2nd" barrel. This P5 was PRODUCED with the 7.65 barrel (that is the serialized one in the "package", # matches frame and slide serial#), the 2nd barrel is the 9mmx19 Para un-serialized one.

Check out my "Finally a Classic Walther for Me" thread.


Look familiar?
 

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I also keep an eye on auction P5s/P5Cs, to "trend" price/value shifting. If it goes the wrong way, I'll stop the purchasing.


For example, I know there's no P5/P5C "action" on Gun Broker until Tuesday PM, 3 will be timing out then. Will still look a few times a day, for the rare "Buy Now" deals.


I think I'm addicted. Gotta go look for my next "fix".
 

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Here's my track on the P5:


Walther P5 Pistol in 9x19. Blue Book of Gun Values (39th Edition) indicates between $950 in 95% condition and $1500 in 100% condition for this gun. I have 64 recorded prices for this model gun from $505 to $2726 over a period of 3 Yrs 8 Mos ending March 15, 2018. The average price as of that date was $1046. No refurbs, no refinishes, regular sights. Adjusted to two magazines. All represented as 95% or better. No distinction for import location or engineering revision, if any, no special editions, no distinctions for box, papers, tools. Current or last MSRP is $1995. The last 10 prices I have for this model since 2/14/2018 range from $680 to $1499 averaging $1100.


Here's a video that gives a great overview of the P5 spectrum, including one–P5 Lang Sport– with a barrel longer than 3.5 inches.


Here's mine, ID date Code (stamped 9/83) $800 four years ago. Great pistol.


https://s26.postimg.cc/kiv0wm0nt/Walther_P5.jpg
 

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One small detail for those looking for a "shooter" P5.


I made sure my shooter was a Var8 for one reason, the frame mounted trigger stop. If you want the adjustability (set screw in frame), this Var is the ONLY one.


If the "flat" mag release is an annoyance, I'll order the early Var "stepped" mag release from Numrich, cheap part, 5 minute swap.


The pics show the non-adjustable trigger stop P5 (with no "top of slide" hole), the schematic shows the adjustable stop P5 (and the "slide hole" firing pin drop spring). Some wonder when they see a hole in some slides that's not on other P5s.......


Historical Firearms - Walther P5 Developed in the mid 1970s with the...
 

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And the NIB P5 that sold before these went for $1700.06. This was the final NOS from CDNN Sports.


Different purchasers on all three P5s.
 

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I can't believe that compact went for that. i was following it but I forgot to check back at final bid. The NR seller to boot, somebody's brave to send out 2,500 to them.

You got a great deal on your P5c last week.


If you didn't purchase, I would have gotten it along with the P5 Var8 I got from them. Have #4 coming on Monday, another Var8 for shooting.
 

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I can't believe that compact went for that. i was following it but I forgot to check back at final bid. The NR seller to boot, somebody's brave to send out 2,500 to them.
Brave is not the word I had in mind. :D

Classic bidding war. A common occurrence on auction sites.....its part of 'male' DNA. People hate to lose....keep bidding just so they can win...even though the price has risen well above the 'real world' value. But hey, THEY'RE A WINNER.

Brave?????? I don't think so.

Sending that much money to someone you don't know is a little ifie too. Brave? Nope, at this point he's skeered chitless.
 

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I didn't see either example as completely pristine. I would need to see them up close to compare to the P5 and P5C that I own. All that paraphenalia helps when the guns are nice though.
 
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