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So i received an Interarms PPK as a gift. It has both mags, case and paperwork all in pristine condition. The gun itself has had about 15 rounds put through it.
Should I preserve the condition of this gun and keep it as a collectible or should i enjoy it and put it to use (at the range)?
Put it to use. Interarms was just the previous importer of Walther pistols.
While they're far from rare, they are often more desirable than the newer versions made by S&W. I doubt you'd gain much by selling that one and buying a more used one though.
It's likely that you could sell yours and buy a new one from S&W, but the consensus from the Walther owners I've talked to is that they'd prefer a used Interarms over a new S&W. Fit and finish are generally better, and few changes from the original German design. The S&W models have an extended tang, and a change in the hammer block that prompted a recall recently.
(My S&W made ppk/s is working just fine though.)
You didn't say what cal it is.
No matter, I suggest you go to the P38 forum. They have a section for post war PPK. Be prepared to post photos. I have an Interarms PP in .22LR. IIRC it cost me $200+. It is now worth about $800. I've relegated it a semi-safe queen. They ain't making them any more.
Walther Forums has a place dedicated to PP, PPK and PPK/s.
Mine is an Interarms I purchased in 1984. I shoot it once in a while at the range and carry it sometimes. It is a well made gun with a better finish than the S&W.
It was made to shoot., at least once in a while.