Leica M2
Notable
The M2 gave the M system 35mm framelines and a 0.72x finder that many street photographers prefer to this day. It is not a compromise but a different tool — the reason photographers choose a 0.72x M body over a 0.91x one has not changed in sixty years.
Famous for
- Preferred by many Vietnam War photographers for its simpler rewind and 35mm framelines
- Marc Riboud and other Magnum photographers used M2 bodies extensively
The Leica M2, introduced in 1957, was positioned as a simpler and slightly less expensive companion to the M3. Where the M3 offered framelines for 50, 90, and 135mm lenses with a magnificent 0.91x finder, the M2 provided framelines for 35, 90, and 135mm — adding the wide 35mm coverage that street photographers increasingly wanted — at a 0.72x magnification. This made the M2 the preferred body for photographers who worked primarily with 35mm lenses.
The M2 also dropped the M3's frame counter reset mechanism in favor of a simpler manual reset, and omitted the M3's self-timer on later production. These were genuine simplifications, but they kept the price accessible and the camera lighter. Many photographers preferred the M2's 0.72x finder for its wider field of view when using 35mm lenses. The M2 is today recognized as an exceptional camera in its own right — not a budget M3, but the right tool for a different way of shooting.
Key specs
- type
- 35mm rangefinder
- finder magnification
- 0.72x
- framelines
- 35/90/135mm
- shutter
- cloth focal-plane, 1s–1/1000 + B
- production
- ≈85,000 units (1957–1968)
Variants & finishes
Original M2 production used a small button to disengage the film for rewinding — the same approach as the M3. Rarer than the lever version and slightly fiddlier to use.
Leica added a fold-out lever for rewinding in 1958, making the M2 faster and more convenient to shoot with — this is the version most buyers encounter today.
Market value
Used-market price (USD, estimated median)
Estimates from auction and dealer records — condition and completeness vary.
View data
| Date | Price | Source | Condition |
|---|---|---|---|
| 2016-01 | $600 | curated-estimate | user |
| 2017-01 | $650 | curated-estimate | user |
| 2018-01 | $700 | curated-estimate | user |
| 2019-01 | $800 | curated-estimate | user |
| 2020-01 | $900 | curated-estimate | user |
| 2021-01 | $1,100 | curated-estimate | user |
| 2022-01 | $1,300 | curated-estimate | user |
| 2023-01 | $1,450 | curated-estimate | user |
| 2024-01 | $1,500 | curated-estimate | user |
| 2025-01 | $1,550 | curated-estimate | user |
| 2026-01 | $1,550 | curated-estimate | user |
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