Last issue of Shotgun News has an article by P.Kokalis which mentioned that a SVW 45 Fench issue was a "desirable" P38. I have one, all matching VG+ condition, Nazi inspection mark on the barrel, Fench star on frame, late/post war stamped steel grips (just like the ones in Kokalis's photos). Picked it up as a shooter for $350. My impression was that collectors look down on this variation compared to a war time nazi issue. It does have the Interarms name on the bottom of the slide rail which I'm sure knocks it down some as a collectable. So? Is it a collectable or strictly a shooter?