The Leica Summicron 50mm f/2 Version 1 (Collapsible) is the lens that defined the modern "Leica look." Produced between 1953 and 1960, it features a classic 7-element optical design housed in a dense, satin-chrome brass barrel that retracts for portability. Famed for its "radioactive" thorium glass elements that often warm with age, the V1 offers a unique, lower-contrast vintage rendering with a signature glow at f/2, sharpening significantly when stopped down.

Leica Summicron 50mm f/2 I (Collapsible)

Leica Summicron 50mm f/2 I (Collapsible)

M / LTM mount

€458

26 listings · €458–€2,257 · median €1,073

checked 11 hours ago

See all 26 listings

The Leica Summicron 50mm f/2 I (Collapsible) is a M / LTM-mount lens for Leica rangefinder cameras. As of August 2026, it sells from €458 used across 26 listings, with a 30-day median of €1,073. Leica price index →

How it compares

Measured against the 142 other 50mm lenses in the catalogue.

235 g Weight Lighter than 57% of them
f/2 Maximum aperture Faster than 27% of them

Specification

Model number(s): 11116
Focal Length: 50mm
Aperture: 𝑓/2
Release Year (from): 1954
Production Year (to): 1960
Filter Size: 39 mm (E39)
Length: 40 mm
Minimum Focus Distance: 1m
Elements in Groups: 7/6
Aperture Blades: 10
Mount: M / LTM
Material Weight: Metal, 235g
Colors: Silver

About this lens

The Leica Summicron 50mm f/2 Version 1, widely known as the "Collapsible Summicron," is a landmark rangefinder lens produced by Ernst Leitz Wetzlar from 1953 to 1960. As the successor to the Summitar, it was the first optic to carry the "Summicron" designation, a name that became synonymous with the f/2 aperture optics in the Leica system. The lens is celebrated for its dense mechanical construction and its ability to retract into the camera body, making a full-frame Leica setup pocketable.

Optical Design and Rendering

The Version 1 utilizes a classic double-Gauss optical design comprising seven elements in six groups. A major evolution from the preceding Summitar was the introduction of an air-spaced front element, which significantly improved the correction of coma and astigmatism while increasing overall resolving power.

The rendering is distinctively vintage. At the maximum aperture of f/2, the lens exhibits moderate spherical aberration, creating a soft "glow" around high-contrast edges that is highly prized for portraiture. When stopped down to f/4, the resolution increases drastically, delivering sharpness that rivals many modern optics. The aperture diaphragm consists of 10 blades, producing a nearly circular opening for smooth out-of-focus backgrounds.

Radioactive Thorium Elements

A defining characteristic of early production units (typically those with serial numbers below 1.1 million) is the use of radioactive thorium oxide in the glass elements. Leitz utilized thorium to achieve a high refractive index with low dispersion.

Over decades, the radiation causes the glass to amber or yellow.

  • Black & White Photography: This yellowing acts as a natural high-quality contrast filter, darkening blue skies and separating tones.
  • Color Photography: It imparts a strong, warm vintage cast (which can be reversed by prolonged exposure to UV light).

Mechanical Construction

The lens barrel is machined from heavy brass with a satin chrome finish (rare screw mount and fixed versions exist), giving it a dense, premium tactile feel. The focus ring features a spring-loaded infinity lock—a quirk of the era.

Digital Camera Warning: While the collapsible design is safe for film bodies (M3, M6, etc.), extreme caution is required on digital Leicas (M9, M10, M11, SL). The sensor stack on digital cameras is thicker than film; fully collapsing the lens can cause the rear element to strike the sensor or shutter. Many users employ a rubber O-ring on the barrel to limit the collapse depth for safe digital use.

Comparison to Related Lenses

Thypoch Eureka 50mm f/2

Released in 2024, the Thypoch Eureka is a modern tribute to this specific lens. While it mimics the collapsible mechanism and aesthetic:

  • Weight: The Eureka is aluminum and significantly lighter than the brass Summicron.
  • Optics: The Eureka uses modern glass and coatings, offering higher contrast and flare resistance but lacking the "glow" and radioactive character of the original.
  • Focus: The Eureka focuses down to ~0.9m, whereas the Summicron V1 is limited to 1m.

Summicron Rigid (V2) and Dual Range (DR)

The "Rigid" and "Dual Range" Summicrons followed the V1. They utilize a nearly identical optical formula but housed in non-collapsible, rigid barrels.

  • The Rigid is preferred by users who dislike the wobbly feel of a 50-year-old collapsible mechanism.
  • The Dual Range (DR) features a specialized cam for close-focusing work but is often incompatible with modern digital bodies due to mounting restrictions.

Summicron V3, V4, and V5

Later generations marked a departure from the classic look.

  • V3 (1969): Introduced a simplified 6-element design with higher contrast.
  • V4/V5: Known for high micro-contrast and clinical sharpness. They are technically "better" lenses but lack the specific spherical aberrations that give the V1 its romantic, atmospheric signature.

Where to buy

Prices for Leica Summicron 50mm f/2 I (Collapsible)

Lowest right now
€458 57% below 30-day median

Good time to buy. The lowest listing is 57% below the 30-day average.

Median · 30d
€1,073
Available
26 listings · 4 sources
Price against condition for 26 listings€926€1,852Excellent12Good8Fair3Used3median €1,010€458

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

Price against condition for 26 listings of Leica Summicron 50mm f/2 I (Collapsible), €458 to €2,257, median €1,010. Excellent: 12 at €574, €803, €1,004, €1,233, €1,543, €1,608, €1,852, €1,929, €1,983, €2,144, €2,219, €2,257. Good: 8 at €552, €564, €644, €685, €949, €971, €1,039, €1,447. Fair: 3 at €829, €925, €1,018. Used: 3 at €458, €535, €1,286. The full table follows.

Lowest & median price by condition for the Leica Summicron 50mm f/2 I (Collapsible)
ConditionLowestMedian
Excellent€574€1,730
Good€552€817
Fair€829€925
Other€458€535
Stores
Best price Used
Leica 5cm f2 Summicron Collapsible 1279769
Sold by Camera West
€458 ≈ $495

Price history

Over the last 12 weeks the median price for the Leica Summicron 50mm f/2 I (Collapsible) has fallen, ranging from €925 to €1,446 (now €1,073).

Weekly price (EUR)
Median: Good or better Lowest: Good or better
€412€836€1,260€1,685€2,109MedianLowest
Jun 1Jun 15Jun 29Jul 13Jul 27Aug 10Aug 17

Weekly price (EUR). Median (Good or better) and lowest (Good or better) across 12 weeks. The full figures follow in the table below.

The figures behind this chart
Weekly median and lowest price
WeekMedianLowest
Jun 1, 2026€1,928€1,263
Jun 8, 2026€2,018€1,263
Jun 15, 2026€2,109€1,284
Jun 22, 2026€1,585€412
Jun 29, 2026€1,757€1,215
Jul 6, 2026€1,585€1,215
Jul 13, 2026€1,585€1,215
Jul 20, 2026€1,585€1,215
Jul 27, 2026€1,928€1,215
Aug 3, 2026€1,757€803
Aug 10, 2026€1,757€803
Aug 17, 2026€1,136€552
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 Summicron 50mm f/2 I (Collapsible): frequently asked

How much does the Leica Summicron 50mm f/2 I (Collapsible) cost?

As of August 2026, the Leica Summicron 50mm f/2 I (Collapsible) sells from €458 used, with a 30-day median of €1,073, across 26 active listings.

Where can I buy a Leica Summicron 50mm f/2 I (Collapsible)?

As of August 2026, the Leica Summicron 50mm f/2 I (Collapsible) is sold by 4 sources (26 listings), from €458 used: all compared cheapest-first on this page.

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From €458 26 listings · 4 shops