Leica Elmarit-C 40mm f/2.8 11541 is a very rare Leica CL M-mount prototype-era lens, reportedly made in about 400 pieces

Leica Elmarit-C 40mm f/2.8

Leica Elmarit-C 40mm f/2.8

M mount

€2,090

1 listing · median €2,089

checked 10 hours ago

See all 1 listing

The Leica Elmarit-C 40mm f/2.8 is a M-mount lens for Leica rangefinder cameras. As of August 2026, it sells from €2,090 used across 1 listing, with a 30-day median of €2,089. Leica price index →

How it compares

Measured against the 9 other 40mm M-mount lenses in the catalogue.

120 g Weight Lighter than 67% of them
f/2.8 Maximum aperture Faster than 33% of them

Specification

Model number(s): 11541
Focal Length: 40mm
Aperture: 𝑓/2.8
Release Year (from): 1972
Production Year (to): 1973
Filter Size: 39 mm (E39)
Length: 25 mm
Minimum Focus Distance: 0.8m
Elements in Groups: 4/3
Aperture Blades: 10
Mount: M
Material Weight: Metal, 120g
Colors: Black

About this lens

Leica Elmarit-C 40mm f/2.8

The Leica Elmarit-C 40mm f/2.8, product code 11541, is one of the rarest lenses associated with the Leica CL system. It was developed as a compact 40mm standard lens for the Leica CL, but it was not officially released as the main production lens. Leica Classic describes the Elmarit-C 11541 2.8/40mm as a very rare lens for the Leica CL, with approximately 400 pieces made and never officially released [1].

The lens should be kept separate from the much more common Leica Summicron-C 40mm f/2. The Summicron-C became the normal production standard lens for the Leica CL, while the Elmarit-C 40mm f/2.8 remained an extremely small-run lens. Leica Store Manchester lists a serial range of 2512601 to 2513100 and describes its example as produced in 1973, with approximately 400 pieces made [2].

This entry covers the Leica Elmarit-C 40mm f/2.8 in Leica M mount for the Leica CL system. It should not be merged with the Summicron-C 40mm f/2, Minolta M-Rokkor 40mm f/2, Leica Elmar-C 90mm f/4, or later Leica 40mm-compatible lenses. The correct model number is 11541.


Optical qualities

Rendering

The Elmarit-C 40mm f/2.8 has a reputation as a compact, classic-rendering Leica CL lens. Because the lens was never widely released and only a very small number were made, reliable formal testing is limited. User discussion generally describes it as small, characterful and lower in contrast wide open than modern Leica lenses [5].

Sharpness

Detailed bench testing is scarce. User reports suggest that the lens can be sharp in the center, especially when stopped down, but performance should be treated as copy-dependent. Because of the lens’s rarity and age, optical condition is especially important.

Contrast and color

Contrast is generally described as lower than later Leica M lenses, especially wide open. Surviving examples may also vary due to haze, cleaning marks, coating wear or internal reflections. Strong claims about modern contrast or APO-level correction should be avoided.

Bokeh and transitions

As a 40mm f/2.8 lens, the Elmarit-C gives modest subject separation rather than strong portrait-style blur. Its rendering interest is more about compactness, classic Leica character and rarity than dramatic bokeh.

Handling

The lens was designed for the Leica CL system and uses the compact C-lens handling style. It is smaller and slower than the Summicron-C 40mm f/2. Some sources note that the Elmarit-C barrel is very compact, with focus and aperture controls close together [4].

Digital use

The lens can mount on Leica M bodies, but it was designed for the Leica CL system. As with other C-lenses, focus accuracy should be checked on the exact body. Leica CL lenses use a cam profile associated with the CL system, and collectors should test rangefinder accuracy before relying on the lens at close distances.


History

Development and Launch

The Elmarit-C 40mm f/2.8 was developed during the Leica CL period of the early 1970s. The Leica CL was a compact M-mount rangefinder made in cooperation with Minolta. The CL system was normally sold with the Summicron-C 40mm f/2 and Elmar-C 90mm f/4, while the Elmarit-C 40mm f/2.8 remained a rare unreleased or staff-distributed lens.

Production Evolution

Public sources generally describe the Elmarit-C 40mm f/2.8 as a very small production lens. Leica Classic states that approximately 400 pieces were made and never officially released. Leica Store Manchester gives a serial number production range of 2512601 to 2513100 and describes its example as produced in 1973. Jo Geier lists another example as serial number 2513065 with production year 1972 and notes that it was only made in a very small series [3].

Special Editions/Variants

No commemorative factory special edition is documented. The lens itself is the rare collector variant. Known collector-relevant distinctions are mainly serial number, condition, original rubber hood, caps, box, and whether the lens has clear provenance as an original 11541 Elmarit-C.

Collector Notes

Collectors should verify the 11541 product code, Elmarit-C 2.8/40mm engraving, serial number, Leica M mount, rangefinder coupling, original rubber hood, caps, and optical condition. Important condition checks include haze, cleaning marks, coating wear, aperture function, smooth focusing and accurate infinity focus. Because the lens is rare and visually related to the Summicron-C 40mm f/2, front-ring engraving and serial number are the safest identification points.


Special editions

No confirmed commemorative factory special edition is documented.

Known collector-relevant variants and related versions include:

  • Leica Elmarit-C 40mm f/2.8, product code 11541, rare unreleased Leica CL lens.
  • Examples in the reported serial range 2512601 to 2513100.
  • Complete examples with original rubber hood, front cap and rear cap.
  • Leica Summicron-C 40mm f/2, common production CL standard lens, separate entry.
  • Minolta M-Rokkor 40mm f/2, related CL/CLE-family lens, separate entry.
  • Leica Elmar-C 90mm f/4, CL telephoto companion lens, separate entry.

Sources

Where to buy

Prices for Leica Elmarit-C 40mm f/2.8

Lowest right now
€2,090

About the usual price. The lowest listing is around the 30-day average.

Median · 30d
€2,089
Available
1 listing · 1 source
Best price Excellent
Leica Elmarit-C 1:2,8/40mm, black
Sold by classic.leica-camera.com
€2,090 ≈ $2,257

Price history

Over the last 8 weeks the median price for the Leica Elmarit-C 40mm f/2.8 has fallen, ranging from €2,088 to €2,544 (now €2,089).

Weekly price (EUR)
Median: Good or better Lowest: Good or better
€2,088€2,202€2,316€2,430€2,544MedianLowest
Jun 29Jul 13Jul 27Aug 10Aug 17

Weekly price (EUR). Median (Good or better) and lowest (Good or better) across 8 weeks. The full figures follow in the table below.

The figures behind this chart
Weekly median and lowest price
WeekMedianLowest
Jun 29, 2026€2,544€2,332
Jul 6, 2026€2,434€2,328
Jul 13, 2026€2,429€2,323
Jul 20, 2026€2,423€2,318
Jul 27, 2026€2,446€2,340
Aug 3, 2026€2,350€2,350
Aug 10, 2026€2,088€2,088
Aug 17, 2026€2,090€2,090
What these condition grades mean

Every shop grades differently. Leica Classic uses letters, Ffordes uses E++ and E+, German dealers write "Zustand B", Japanese dealers write A−. We map all of them onto the one ladder below. Where a shop states its own grade, we print it under ours.

New
Unused, sold as current stock.Usually the maker's own store or a dealer's new inventory.
Mint
Used, but with no wear we can see described.Leica Classic A · Ffordes M
Excellent
Light wear, glass reported clean.Leica Classic A− and A/B · Ffordes E++ and E+ · Japanese A−
Good
Visible wear from use, optics reported sound.Leica Classic B · "Zustand B"
Fair
Heavy cosmetic wear, or a stated optical fault such as haze, fungus or cleaning marks.Leica Classic B−
Heavily used
Works, but wear or a fault affects using it.Leica Classic C
For parts
Not usable as sold.Leica Classic C− and D
Unknown
The listing said nothing we could grade. We show the seller's own words instead of guessing.

Leica Elmarit-C 40mm f/2.8: frequently asked

How much does the Leica Elmarit-C 40mm f/2.8 cost?

As of August 2026, the Leica Elmarit-C 40mm f/2.8 sells from €2,090 used, with a 30-day median of €2,089, across 1 active listing.

Where can I buy a Leica Elmarit-C 40mm f/2.8?

As of August 2026, the Leica Elmarit-C 40mm f/2.8 is sold by 1 source (1 listing), from €2,090 used: all compared cheapest-first on this page.

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From €2,090 1 listing · 1 shop