The Leica Tele-Elmar-M 135mm f/4 Type 1 is an M-mount telephoto valued by collectors as a sharp, affordable Walter Mandler design with a long production run.

Tele-Elmar-M 135mm f/4.0 Type 1

Leica Tele-Elmar-M 135mm f/4 Type 1

M mount

€193

18 listings · €193–€965 · median €422

checked 23 hours ago

See all 18 listings

The Leica Tele-Elmar-M 135mm f/4 Type 1 is a M-mount lens for Leica rangefinder cameras. As of August 2026, it sells from €193 used across 18 listings, with a 30-day median of €422. Leica price index →

How it compares

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

550 g Weight Lighter than 25% of them
f/4 Maximum aperture Faster than 13% of them

Specification

Model number(s): 11851, 11852
Focal Length: 135mm
Aperture: 𝑓/4
Release Year (from): 1965
Diameter: 59 mm
Filter Size: 39 mm (E39)
Length: 105 mm
Minimum Focus Distance: 1.5m
Elements in Groups: 5/3
Aperture Blades: 10
Mount: M
Material Weight: Metal, 550g
Colors: Black

About this lens

Leica Tele-Elmar-M 135mm f/4 Type 1

Often described as a sleeper among Leica rangefinder optics, the Tele-Elmar 135mm f/4 was designed by Walter Mandler, one of the most respected lens designers of the twentieth century and the man behind classics such as the Summilux 35mm f/1.4 and the Noctilux 50mm f/1 [2]. Introduced in 1965, the lens used five elements in three groups and replaced the earlier four-element Elmar 135mm f/4, delivering a marked improvement in correction and contrast for the long end of the M lineup [1][3]. Reviewers have noted that the optical formula is essentially a telephoto adaptation of the Sonnar layout, a design tradition with a long following, though this lineage is rarely spelled out in print.

The lens is built from black anodized aluminium and weighs 550 g, with a 39 mm filter thread, a ten-blade diaphragm running from f/4 to f/22, and a minimum focusing distance of 1.5 m. It is rangefinder coupled on the Leica M bayonet, covering a diagonal angle of view of about 18 degrees. A distinctive feature of the earliest examples is that the optical cell unscrews as a separate lens head, allowing the unit to be used on a Visoflex housing with the appropriate focusing mount and extension tubes for reflex and close-range work. The barrel is comparatively long and front-heavy, a handling trait reviewers consistently mention given the lens's telephoto reach on a compact rangefinder body.

The Type 1 carries the Leitz Wetzlar engraving and the order numbers 11851 and 11852, the latter denoting the removable lens head supplied for Visoflex use. Within the long production span Leica made several cosmetic and detail changes rather than optical ones: a red distance scale on the very first 1965 examples, soon replaced by yellow markings, and a shift from a scalloped focusing knurl to an unscalloped style during the 1970s. The optics remained unchanged across the whole run and into the later Tele-Elmar-M (order number 11861), so the various versions share the same imaging cell while differing only in their barrels and finishes. The design proved so durable that no optical revision was deemed necessary across its 33-year production life, until it was superseded by the APO-Telyt-M 135mm f/3.4 ASPH in 1998.


Optical qualities

Rendering The Tele-Elmar has a strong reputation for sharpness and clean, neutral rendering that belies its modest price. Despite an unhurried design history, it is widely regarded as one of the better-performing lenses Leica produced at this focal length, with later lab and field comparisons showing its successor offers only marginal gains.

Sharpness Testing on high-resolution digital sensors found the lens already usable across the frame wide open at f/4, improving further by f/5.6. Lateral chromatic aberration and distortion are well controlled.

Bokeh and transitions The out-of-focus rendering is generally described as average rather than exceptional, and longitudinal chromatic aberration is only moderately corrected.

Flare resistance As with many telephoto designs, a light source just outside the frame can produce pronounced flare and reduced contrast, so a hood is helpful; ghosting with the sun within the frame is reported as less of a problem.

Distortion and vignetting Both distortion and vignetting are minimal, which reviewers count among the lens's strengths.


History

Development and Launch The Tele-Elmar arrived in 1965 as the replacement for the four-element Elmar 135mm f/4, offering a true telephoto construction of five elements in three groups credited to Walter Mandler. It occupied the slow-but-sharp position in the M telephoto range and was praised for matching the rangefinder system's compact ethos better than faster, bulkier rivals.

Production Evolution Leica recorded roughly 28,300 lenses across the combined Tele-Elmar and Tele-Elmar-M production from the mid-1960s through the 1990s. Documented changes were cosmetic and mechanical: red-scale to yellow-scale distance markings in 1965, scalloped to unscalloped focusing knurls in the 1970s, and a later telescoping-hood Tele-Elmar-M barrel, all sharing the original optical cell. The line was discontinued after the 1998 introduction of the APO-Telyt-M 135mm f/3.4 ASPH.

Collector Notes Early Type 1 examples are engraved Leitz Wetzlar and may have removable lens heads intended for Visoflex use, a useful identification point alongside the 11851 and 11852 order numbers. The red-scale first-year examples are the scarcer variant, with only a few thousand made, and command collector interest accordingly. As with any older lens, prospective buyers should check the optics for haze or cleaning marks and confirm that the removable head, when present, seats correctly; an original hood (Leica reference 12585) is a worthwhile accessory given the lens's susceptibility to flare from off-axis light. Note that LeicaLensList records the verified weight as 550 g and length as 105 mm; some collector sources quote slightly different figures for the tapered early barrel, which should be treated as variant-specific rather than contradictory.


Sources

Where to buy

Prices for Leica Tele-Elmar-M 135mm f/4 Type 1

Lowest right now
€193 54% below 30-day median

Good time to buy. The lowest listing is 54% below the 30-day average.

Median · 30d
€422
Available
18 listings · 3 sources
Price against condition for 18 listings€463€926Excellent6Good5Fair3Used4median €423€193

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

Price against condition for 18 listings of Leica Tele-Elmar-M 135mm f/4 Type 1, €193 to €965, median €423. Excellent: 6 at €394, €458, €458, €514, €531, €552. Good: 5 at €268, €322, €418, €552, €965. Fair: 3 at €193, €214, €273. Used: 4 at €311, €407, €429, €590. The full table follows.

Lowest & median price by condition for the Leica Tele-Elmar-M 135mm f/4 Type 1
ConditionLowestMedian
Excellent€394€486
Good€268€418
Fair€193€214
Other€311€418
Stores
Best price Fair
Leica Leitz Tele-Elmar 135mm F/4 M-mount, worn + 12575 lenshood
Sold by Fotohandel Delfshaven
€193 ≈ $208

Price history

Over the last 12 weeks the median price for the Leica Tele-Elmar-M 135mm f/4 Type 1 has fallen, ranging from €351 to €458 (now €422).

Weekly price (EUR)
Median: Good or better Lowest: Good or better
€264€320€377€433€490MedianLowest
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€490€444
Jun 8, 2026€414€290
Jun 15, 2026€391€290
Jun 22, 2026€391€290
Jun 29, 2026€351€264
Jul 6, 2026€437€264
Jul 13, 2026€366€264
Jul 20, 2026€403€264
Jul 27, 2026€351€264
Aug 3, 2026€458€264
Aug 10, 2026€438€268
Aug 17, 2026€458€268
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 Tele-Elmar-M 135mm f/4 Type 1: frequently asked

How much does the Leica Tele-Elmar-M 135mm f/4 Type 1 cost?

As of August 2026, the Leica Tele-Elmar-M 135mm f/4 Type 1 sells from €193 used, with a 30-day median of €422, across 18 active listings.

Where can I buy a Leica Tele-Elmar-M 135mm f/4 Type 1?

As of August 2026, the Leica Tele-Elmar-M 135mm f/4 Type 1 is sold by 3 sources (18 listings), from €193 used: all compared cheapest-first on this page.

Community Posts

Discussions about Leica Tele-Elmar-M 135mm f/4 Type 1
No discussions about this lens yet.

Comments

From €193 18 listings · 3 shops