Leica M3
Leica M mount
The Leica M3 typically sells for £933 (median of 713 recorded sales, 1998–2026; solid evidence, wide spread, version mix).
median of 713 sales, 1998–2026
last 3 years: £1,958 (130 sales)
Middle half of sales: £600–£3,236
298 of the records are from 1998–2007, when an M3 sold for about £600; since 2008 the typical price is about £1,717 (415 sales).
Price by version
Typical price and middle half, on one shared scale.
10 more versions
13 rarer versions (1–2 sales each)
Not in the typical price
Listed apart, never blended in.
Over time
Every sale since 1998; no trend line. 1998–2007: £600 (298) · 2008–2026: £1,717 (415)
Latest sales All 793 →
What it is
Launched in 1954, the Leica M3 holds a foundational place in photographic history as the very first production M-camera, inaugurating a lineage that would come to define the 35mm rangefinder. Its arrival marked a decisive departure from the earlier screw-mount Leicas, most visibly through the adoption of a bayonet lens mount that allowed lenses to be changed with a swift quarter-turn rather than a patient thread. Equally significant was the rangefinder itself: with a base length of 68.5 mm, considerably longer than that of the screw-mount predecessors, the M3 offered focusing precision that suited the fast, long lenses of the era. The viewfinder carried a permanent 50mm frame, anchoring the camera's character around what many still regard as the quintessential reportage focal length.
The road to production was a deliberate one. Approximately sixty-five prototypes, known collectively as the Null Serie, were built before the first true production camera emerged, and certain pre-production examples featured an exposure counter that did not reset automatically—a quirk that underscores their transitional nature. The earliest production bodies likewise betray their pioneering status: their top-plates were secured by four exposed screws, two at the front and two at the back, and their strap lugs were triangular in form. One notable omission by modern standards was TTL metering, which the original M3 did not offer; through-the-lens measurement would arrive only as a later improvement to the M system.
Among collectors, variants of the M3 are catalogued with particular care. Black paint examples are prized for their rarity, with total production amounting to 7,080 units. Factory outfits were identified by codeword: ISAIO, for instance, designated the M3 paired with the 50mm f/1.5 Summarit, a combination available between 1954 and 1958. Together, these details trace the M3's evolution from experimental prototype to enduring icon.
Versions and how to tell them apart
77 sales£1,116Solidchrome (Single Stroke)
65 sales£850Solidblack paint
47 sales£11,067SolidBetriebskamera
8 sales£4,400Indicativeolive Bundeseigentum
7 sales£47,875Indicativechrome (1000000)
6 sales£1,112IndicativeDummy (attrape)
display piece — priced on its own · 5 sales£480IndicativeDisplay
display piece — priced on its own · 4 sales£3,254Indicativeblack paint (second batch)
4 sales£22,679Indicativechrome (early, corner)
4 sales£34,187Indicativechrome (early, double corner)
4 sales£95,764IndicativePrototype
3 sales£111,429IndicativePrototype Cut-Away
display piece — priced on its own · 3 sales£9,425Indicativeblack paint (Double Stroke)
3 sales£850Indicativechrome Ernst Leitz Canada Limited Midland Ontario
3 sales£500Indicativegold
3 sales£30,485Indicativeolive Bundeseigentum (outfit)
3 sales£4,071Indicativeolive Bundeswehreigentum
3 sales£55,809Indicativeblack paint (first batch)
2 salesSales onlyAERONAUTICA MILITARE
1 saleSales onlyBritish Army
1 saleSales onlyChrom-Muster 2
1 saleSales onlyCut-Away
display piece — priced on its own · 1 saleSales onlyLUFTFORSVARET
1 saleSales onlyLeitz Eigentum
1 saleSales onlyM3J (black paint, 2006)
1 saleSales onlyQueen Elisabeth
1 saleSales onlyRoyal Dutch Marine
1 saleSales onlyblack paint (Leicavit MP)
1 saleSales onlychrome (early, No.1)
1 saleSales onlychrome United Nations
1 saleSales onlyBetriebskamera (M2, encrypted)
0 salesNo sales yetBetriebskamera (MP, Leicavit)
0 salesNo sales yetM3D
0 salesNo sales yetM3D David Douglas Duncan
0 salesNo sales yetM3J (black paint, 2005, sample)
0 salesNo sales yetNoca A/S
0 salesNo sales yetTechnik
0 salesNo sales yetblack paint (pre-959401)
0 salesNo sales yetchrome (early, no corner)
0 salesNo sales yetchrome Bundeswehr
0 salesNo sales yetchrome Experimental
0 salesNo sales yetchrome Midland (Canadian) (ELC)
0 salesNo sales yetchrome Midland (no s/n)
0 salesNo sales yetgrey Bundeswehr
0 salesNo sales yetlens testing
0 salesNo sales yet
Mount
Other M3s
Facts
- Maker
- Leica
- Type
- Leica M mount
- Sales in the typical price
- 713
- First sale
- 29 Jan 1998
- Latest sale
- 9 Aug 2026
- Median
- £933
- Middle half
- £600–£3,236
- Evidence
- Solid · wide spread, version mix
- Method
- v1
Cite this page
“Leica M3: typical sale price £933, the median of 713 recorded sales, 1998–2026, middle half £600–£3,236 (Solid, method v1).” cameraworth.com, retrieved 8 October 2026. https://www.cameraworth.com/l/leica/m3/