Hi,
These little pistols were introduced by Walher in 1913 and were quickly replaced during WW1 with improved models.
As it has a German commercial crown-N proof, it's most likely a WW1 private purchase or officer's side-arm (who were expected to purchase their sidearms themselves and favored small pistols for several reasons, one was that being seen publically wearing a pistol in plain sight was 'not done' in upper-class society).
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