Re: Okay you P-08 Holster experts... Here is a rare bird...
It appears to me that the stitching on the "D" ring is larger thread and white as opposed to the black thread on the rest of the holster. I would deduce from this that the "D" ring was not put on when the holster was made. As this is an early style holster stamped with a makers mark who apparantly was no longer in business in 1940, my guess is that this is one of the many holsters made in the 50's in Germany on salvaged equipment & stamped with original dies, but someone screwed up on the date stamp.
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