The Leica Elmarit-M 135mm f/2.8 (Type I) is an M-mount telephoto with permanent goggles, a Walter Mandler design prized by collectors for accurate rangefinder focusing.

Elmarit-M 135mm f/2.8 I with OVU

Leica Elmarit-M 135mm f/2.8 I with OVU

M mount

€199

5 listings · €199–€483 · median €398

checked 3 days ago

See all 5 listings

The Leica Elmarit-M 135mm f/2.8 I with OVU is a M-mount lens for Leica rangefinder cameras. As of September 2026, it sells from €199 used across 5 listings, with a 30-day median of €398. Leica price index →

How it compares

Measured against the 8 other 135mm M-mount lenses in the catalogue.

730 g Weight Lighter than 13% of them
f/2.8 Maximum aperture Faster than 75% of them

Specification

Model number(s): 11827, 11828, 11829
Focal Length: 135mm
Aperture: 𝑓/2.8
Release Year (from): 1954
Diameter: 66 mm
Filter Size: 50.8 mm (E50.8)
Length: 120 mm
Minimum Focus Distance: 1.5m
Elements in Groups: 5/4
Aperture Blades: 12
Mount: M
Material Weight: Aluminum, 730g
Colors: Black

About this lens

Leica Elmarit-M 135mm f/2.8 I with OVU

The defining feature of this lens is the permanently attached optical magnifier, the spectacle or goggle unit (often catalogued under the OVU designation), which sits over the camera's viewfinder windows. A 135mm focal length is at the practical limit of accurate rangefinder focusing, so Leitz built in the goggles to enlarge the framing and improve focusing precision. The attachment converts the M2's 90mm brightline into a 135mm field, and on bodies with a 0.72 finder it magnifies the rangefinder image by roughly 1.4x, which increases the effective focusing base length and makes critical focus more reliable at this focal length [1][2][3]. The Type I was the first version of the Elmarit-M 135mm and was developed at the Leitz facility in Midland, Ontario, with the optical design attributed to Walter Mandler.

Optically the lens uses a five-element design built around a relatively fast f/2.8 aperture for its length, with a 12-blade diaphragm stopping down to f/32. The barrel is finished in black anodized aluminum and carries a built-in retractable lens hood, and the front lens head unscrews so the optical cell can be used with the Visoflex reflex housing via the appropriate focusing adapter. Minimum focus is 1.5 m, and the lens is fully rangefinder coupled through the M bayonet. Users consistently describe the lens as large, heavy by Leica standards, and fitted with a long focus throw, traits that follow from the f/2.8 aperture and the goggle assembly [4]. Filters are mounted in the Series VII size on the front of the Type I[5].

The lens went through three generations sharing the same basic optical concept. The original Type I carries Leitz Canada engravings and uses Series VII filters; later versions moved to an E55 filter thread and were lightened and restyled, with the final Type III produced into the mid-1990s[6]. Within the Type I itself, collectors note running changes: earlier examples have the goggles fixed by screws and a scalloped focusing ring, while later examples use a cast metal mount for the goggles and a finely knurled focusing surface. The order numbers associated with the lens include 11827, 11828 and 11829, the 11827 reference being tied to the configuration whose lens head detaches for Visoflex use.


Optical qualities

Rendering Documented impressions of this lens are limited but broadly consistent. Reviewers describe it as sharp, with critical sharpness depending heavily on accurate focus and correct calibration rather than on stopping down. One long-term user reports that it renders attractively in black-and-white film work and is a lens worth keeping even alongside modern aspherical optics. Because the rendering character is reported anecdotally rather than through systematic testing, claims beyond general sharpness and pleasant tonal rendering are not well supported.

Collector and user notes The built-in goggles can drift out of alignment, which affects focusing accuracy, though users report the adjustment is straightforward and inexpensive to correct. The set screws near the goggle objectives can be loosened to recalibrate focus without fully removing the assembly.


History

Development and Launch The Elmarit-M 135mm f/2.8 was introduced by Leitz around 1963 as a manual-focus telephoto for the M rangefinder system, designed by Walter Mandler and produced at Leitz Canada in Midland, Ontario. Its goggle attachment made it the first 135mm lens able to expand the M2's 90mm framing to a true 135mm field, a feature aimed directly at solving the difficulty of focusing a fast long lens on a rangefinder. The lens occupied the fast end of the 135mm M lineup, sitting alongside the slower and more compact Tele-Elmarit and Hektor designs.

Production Evolution After the original Leitz Canada Type I, the lens was revised across two further generations. The filter mount changed from Series VII to E55, the barrel was restyled and the goggle mounting evolved from a screw-fixed unit with a scalloped focusing ring to a cast assembly with fine knurling. Engravings on the Type I read ELMARIT-M 1:2.8/135 LEITZ CANADA. The third and final version remained in the catalogue until the mid-1990s before the line was discontinued.

Collector Notes This is a comparatively affordable Leica M lens, which collectors attribute to its bulk, weight and the less common 135mm focal length rather than to any optical weakness. Before purchase it is worth confirming that the goggles are correctly aligned and that the rangefinder focus is accurate, since misalignment is the most commonly cited issue. The Type I is identified by its Leitz Canada engraving and Series VII filter mount, distinguishing it from later E55 versions. Buyers should also check the condition of the built-in hood and the detachable lens head, and verify the unusual large metal lens cap, which is itself a sought-after accessory. One published listing describes a Type I as using five elements in four groups, while the Leica Wiki records five elements in three groups for this version; the element-and-group count is therefore worth treating with care, and LeicaLensList records a five-element, four-group configuration.


Sources

Where to buy

Prices for Leica Elmarit-M 135mm f/2.8 I with OVU

Lowest right now
€199 50% below 30-day median

Good time to buy. The lowest listing is 50% below the 30-day average.

Median · 30d
€398
Available
5 listings · 2 sources
Price against condition for 5 listings€185€278€370€463Excellent2Good1Fair1Used1median €399€199

Lowest price Click a mark to open that listing · arrow keys to step, Enter to open

Price against condition for 5 listings of Leica Elmarit-M 135mm f/2.8 I with OVU, €199 to €483, median €399. Excellent: 2 at €399, €437. Good: 1 at €385. Fair: 1 at €199. Used: 1 at €483. The full table follows.

Lowest & median price by condition for the Leica Elmarit-M 135mm f/2.8 I with OVU
ConditionLowestMedian
Excellent€399€418
Good€385€385
Fair€199€199
Other€483€483
Stores
Best price Fair
Leica 135mm f2.8 Elmarit (Type I) (11827 / 11829)
Sold by Kamerastore
€199 ≈ $214

Price history

Over the last 16 weeks the median price for the Leica Elmarit-M 135mm f/2.8 I with OVU has fallen, ranging from €398 to €463 (now €398).

Weekly price (EUR)
Median: Good or better Lowest: Good or better
€379€395€410€425€440MedianLowest
Jun 1Jun 22Jul 13Aug 3Aug 24Sep 14

Weekly price (EUR). Median (Good or better) and lowest (Good or better) across 16 weeks. The full figures follow in the table below.

The figures behind this chart
Weekly median and lowest price
WeekMedianLowest
Jun 1, 2026€440€440
Jun 8, 2026€440€440
Jun 15, 2026€440€440
Jun 22, 2026€440€440
Jun 29, 2026€440€440
Jul 6, 2026€440€440
Jul 13, 2026€440€440
Jul 20, 2026€440€440
Jul 27, 2026€410€379
Aug 3, 2026€417€379
Aug 10, 2026€417€379
Aug 17, 2026€417€379
Aug 24, 2026€417€387
Aug 31, 2026€399€386
Sep 7, 2026€399€385
Sep 14, 2026€399€385
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-M 135mm f/2.8 I with OVU: frequently asked

How much does the Leica Elmarit-M 135mm f/2.8 I with OVU cost?

As of September 2026, the Leica Elmarit-M 135mm f/2.8 I with OVU sells from €199 used, with a 30-day median of €398, across 5 active listings.

Where can I buy a Leica Elmarit-M 135mm f/2.8 I with OVU?

As of September 2026, the Leica Elmarit-M 135mm f/2.8 I with OVU is sold by 2 sources (5 listings), from €199 used: all compared cheapest-first on this page.

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From €199 5 listings · 2 shops