Leica M5

The Leica M5 is a Leica-mount film rangefinder camera, introduced in 1971. As of June 2026, it sells from €1,108 used across 15 listings, with a 30-day median of €1,588. Leica camera price index ↗

Reference maintained by · prices updated June 2026

Prices for Leica M5

Lowest right now €1,108
Median (last 30 days) €1,588
Available 15 from 4 sources

The lowest listing is 30% below the 30-day average — a good time to buy.

Lowest & median price by condition for the Leica M5
ConditionLowestMedian
Mint€3,425€3,425
Excellent€3,200€3,200
Good€1,481€1,527
Other€1,108€1,544
Stores

Over the last 3 weeks the median price for the Leica M5 has held steady, ranging from €1,588 to €1,588 (now €1,588).

Weekly median price (EUR)
€1,588
Jun 1, 2026 Jun 15, 2026

Leica M5 — frequently asked

How much does the Leica M5 cost?

As of June 2026, the Leica M5 sells from €1,108 used, with a 30-day median of €1,588, across 15 active listings.

Where can I buy a Leica M5?

As of June 2026, the Leica M5 is sold by 4 sources (15 listings), from €1,108 used — all compared cheapest-first on this page.

General

Release Year
1971
Type
Film
Serial Range
Approx. 1,287,000 – 1,384,000

Dimensions

Weight
700g
Length
150mm
Width
36mm
Height
84mm

Viewfinder & Shutter

Magnification
0.72x
Framelines
35mm, 50mm, 90mm, 135mm (Parallax corrected)
Shutter Speeds
1/2s, 1/4s, 1/8s, 1/15s, 1/30s, 1/60s, 1/125s, 1/250s, 1/500s, 1/1000s, B (Low speeds to 30s in meter mode)
Shutter Type
Cloth

Features

Hot Shoe
Yes
Tripod Socket
Yes
Self Timer
Yes
Flash Sync
1/50 sec

Leica M5

The Leica M5 represents the most radical design departure in the history of the M-system. Manufactured by Ernst Leitz GmbH in Wetzlar, Germany, it was engineered to bring the rangefinder into the modern era by integrating an exposure meter directly into the camera body. Unlike the external selenium meters of previous models, the M5 features a highly sensitive CdS (Cadmium Sulfide) cell mounted on a mechanical swing arm. This arm pivots behind the lens when the shutter is cocked and retracts instantly upon shutter release, providing precise spot metering through the lens.

Ergonomically, the M5 differs significantly from the classic silhouette of the M3 or M4. It is larger, heavier, and features a squared-off aesthetic that earned it mixed reviews upon release. However, these design choices were strictly functional. The shutter speed dial is positioned to overhang the front of the top plate, allowing photographers to adjust exposure with one finger while keeping their eye pressed to the viewfinder. The shutter speeds are also visible inside the viewfinder, a first for the system.

The camera retains the legendary build quality of the Wetzlar era, constructed from heavy brass and robust mechanical components. It utilizes the 0.72x viewfinder, displaying framelines for 35mm, 50mm, 90mm, and 135mm lenses. Because of the metering arm, certain collapsible lenses and deep-seated wide-angle lenses (like early 21mm Super-Angulons) cannot be mounted without modification, as they would collide with the meter cell.


History

The history of the Leica M5 is a dramatic tale of technological ambition and commercial miscalculation that nearly bankrupted the company.

Technological Leap (1971) Released in 1971, the M5 was Leica's answer to the rising dominance of Japanese SLR cameras, which offered convenient TTL metering. Leitz engineers refused to compromise on accuracy, developing the complex semaphore arm system to ensure the meter read the true image center. This innovation required a larger chassis to house the electronics and battery, resulting in the camera's increased physical dimensions [1].

Market Reaction The M5 was met with resistance from traditionalists who felt it betrayed the compact, elegant ethos of the Leica M3. The "toaster-like" shape and increased weight (approx. 100g heavier than an M4) deterred many loyal customers. Additionally, the camera required a specific mercury battery (PX625) which is now banned in most countries, requiring modern users to use voltage adapters or Weincell replacements.

Production and Discontinuation Sales were sluggish, and the high cost of manufacturing the M5's complex internals strained Leitz's finances. Production ceased in 1975 after only about 33,000 units were made. The commercial failure of the M5 forced Leica to retreat to the classic design language, leading to the re-release of the M4 (as the M4-2) and eventually the M6.

Modern Renaissance In recent years, the M5 has experienced a renaissance. Contemporary photographers appreciate the overhanging shutter dial, the spot-metering accuracy, and the fact that it is the last "hand-built" M camera adjusted by craftsmen in Wetzlar before the shift to mass-production techniques in the M4-2 era [2].


Sources

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