This is an exceptional, virtually unused example of a Winchester Model 94 Saddle Ring carbine that was manufactured c. 1922. The receiver is roll-stamped with the "MODEL 94" designation adopted around serial number 500,000. The carbine has a full blue finish. The stock and forearm are straight grain, oil finished, American walnut. The 20-inch round barrel has a steel block front sight base with blued blade located behind the upper barrel band and a folding leaf rear sight graduated top "20". A staple-mounted saddle ring is located on the left side of the receiver. The upper receiver tang is factory drilled and tapped. The stock has a carbine style buttplate. The left side of the barrel is roll-stamped with two-line legend: "MANUFACTURED BY THE WINCHESTER REPEATING ARMS CO./NEW HAVEN. CONN. U.S.A. PATENTED AUGUST 21 1894" just below the lower barrel band. "-NICKEL STEEL BARREL-/ESPECIALLY FOR SMOKELESS POWDER" is roll-stamped in two lines on the left side of the barrel below the rear sight followed by the caliber designation: "-.30 W.C.F." Oval Winchester "W/P" proof marks are stamped on the top of the barrel and receiver. The upper receiver tang is roll-stamped: "MODEL 94/-WINCHESTER-/TRADE MARK REG.U.S. PAT. OFF.& FGN." in three lines. The serial number is roll-stamped across the underside of the front of the receiver.