A wartime 1941 ac-coded Walther P38 converted to .45 ACP by master pistolsmith John V. Martz. Features an extended weighted barrel, deep reblue, and the JVM frame stamp.
John Martz built his reputation on transformations most gunsmiths would not attempt, and this one shows exactly why collectors chase his work. He took a wartime ac 41 coded P38, one of the early Walther production guns from 1941, and rechambered the entire platform for .45 ACP. That is not a barrel swap. The P38 was engineered around the 9mm cartridge from the locking block out, and moving it up to a fat rimless .45 meant reworking the feed geometry, the recoil system, and the breech face to make the gun cycle a round it was never meant to see. Martz did it, and stamped his initials JVM into the frame where you can read them plain.
The gun wears a deep, glossy reblue across the slide and frame, the kind of high polish Martz favored on his presentation pieces. Light rolls right down the slide flats and pools in the contours of that open-top design. Up front sits an extended barrel with a fitted muzzle weight that stretches the silhouette out long and gives the pistol a nose-heavy balance built for deliberate shooting. The bright fire-blued safety, slide stop, and decocker controls pop against the black, and the checkered grips set off the polished steel.
The original Walther markings survive on the slide. You will find the P38 designation, the ac maker code, and the 41 date stamp still crisp, alongside the eagle proofs that mark it as a genuine wartime gun. The locking block system and the double-action trigger work exactly as Walther laid them out, with the smoothing and fitting Martz brought to every gun that left his bench.
Martz passed in 2014, and the supply of his work is fixed at whatever he managed to finish in his lifetime. A .45 ACP P38 is one of the harder conversions he tackled. For anyone who collects his guns or chases the strange branches of P38 history, this is a piece you build a collection around.
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