What happened to all the Walther P5's?

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You are right: It wasn't all that long ago that SOG and a couple of others were selling the P5s, advertised as police trade-ins, for under $400 with a holster and case and extra magazine. Now, when you see them advertised, you have to pay $600 for the more for the exact same gun with the exact same import marks.

The best deal on magazines is to stay on the hunt at the auction houses; I've picked some up from Auction Arms at reasonable prices. Sometimes Earl's repair shop will offer a sale on the P5 mags, but it doesn't happen often and you have to be quick.

As for wood grips, I've ordered two sets from here

http://www.grips4u.net/

and have been happy with the quality and fit (after the normal adjustment). Pete is a good guy, and his selection and prices are pretty doggone good as well.

Hope that helps a bit.
 
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