Leica M4
Notable
The M4 is widely considered the zenith of Wetzlar-era M craftsmanship. Its rapid-load spool and angled rewind crank became permanent M features, and its build quality is the benchmark collectors reach for when discussing what a Leica should feel like.
Famous for
- The first M with an integrated film advance crank and angled rewind knob — widely considered the most ergonomic M ever made
- Garry Winogrand shot New York street photography on an M4
The Leica M4, produced from 1967 to 1975 in Wetzlar, Germany, is often cited by collectors as the finest-made M body in the company's history. It introduced two practical improvements that all later Ms inherited: a rapid-load film take-up spool (no more threading the film leader through multiple slots) and an angled rewind crank in place of the M3/M2's knob. It also added a fourth set of framelines — 35mm joined the existing 50, 90, and 135 — giving it coverage for all the focal lengths a rangefinder photographer would commonly use.
The M4 was the last M body made entirely in Wetzlar before production complexity and economic pressures led to changes. Photographers who handle both a Wetzlar M4 and a later body often comment on a certain tactile authority in the M4 — fit, finish, and the feel of the controls. Whether this is measurable or partly mythological is debated, but the M4's reputation for build quality is consistent across decades of collector opinion. It is a camera that rewards use.
Key specs
- type
- 35mm rangefinder
- finder magnification
- 0.72x
- framelines
- 35/50/90/135mm
- shutter
- cloth focal-plane, 1s–1/1000 + B
- loading
- rapid-load spool
- production
- ≈58,000 units (1967–1975)
Variants & finishes
The standard production finish for the M4 — bright chrome over brass. Hardwearing and the most plentiful M4 on the used market.
Lacquered black paint over brass, applied to a small run of bodies. Paint wears to reveal the brass beneath, producing the sought-after 'brassing' that collectors value.
Electroplated black finish introduced to replace expensive hand-applied paint. More durable than black paint but without the patina — a practical alternative.
Budget-oriented update dropping the self-timer and adding a hot shoe for flash sync. Built under Canadian Leitz management; a reliable shooter at lower prices than early M4s.
Added 28mm and 75mm framelines, making it the most versatile classic M body for lens choice. The last M before the M6 introduced built-in metering.
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 | $700 | curated-estimate | user |
| 2017-01 | $750 | curated-estimate | user |
| 2018-01 | $800 | curated-estimate | user |
| 2019-01 | $900 | curated-estimate | user |
| 2020-01 | $1,050 | curated-estimate | user |
| 2021-01 | $1,350 | curated-estimate | user |
| 2022-01 | $1,600 | curated-estimate | user |
| 2023-01 | $1,750 | curated-estimate | user |
| 2024-01 | $1,800 | curated-estimate | user |
| 2025-01 | $1,850 | curated-estimate | user |
| 2026-01 | $1,850 | curated-estimate | user |
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