Walther PPK, .32 cal. automatic pistol.  Serial #774118, mfg. Germany.  Excellent condition.  Pre-WWII. 3 1/4" barrel has very good bore, fixed sights.  Frame has 98% high polish blue with some edge and muzzle wear, some blue wear on the safety.   One tiny spot on the front grip strap and one small scratch on the left side of the frame.   “Crown N” proofed.  Early 90 degree safety.  Added “circle P” and “339” numbers to the left side of the frame.   One piece mottled brown Bakelite grips are very good with one small crack on the left side top.  Early Walther banner magazine with finger extension is in very good condition.  Very nice pre-WWII early manufactured PPK.  C&R OK.