Manufactured c. 1921-1928, this is a very fine example of a Winchester Model 1892 saddle ring carbine in the desirable .25-20 W.C.F. It has the standard markings throughout, including Winchester factory oval proofs on the barrel and receiver at the breech. It is fitted with a pinned blade front sight, folding ladder rear sight, and a saddle ring on the left of the receiver. It is mounted with a smooth forearm and straight grip stock with a carbine buttplate.

Very fine, retains 75% of the original blue finish with some thinning on the barrel and magazine, scattered light wear on high spots, and some scattered light handling marks. The wood is also very fine with some scattered minor handling marks. Mechanically excellent.