Manufactured in 1894. The no. 1 barrel is fitted with a dovetail blade front sight and an elevation buckhorn rear sight and is marked with the two-line Winchester address ahead of the rear sight and caliber designation "32 W.C.F." at the breech. Casehardened receiver with lower tang having the patent date marking and serial number. Plain straight grip stock with casehardened crescent buttplate.

Fine. The barrel retains 60% original blue finish mostly fading to a plum color. The receiver retains 70% original case colors. The remaining surfaces retain 30% original case colors. There are a few small patches of spotting/pitting and the upper tang screw is long. The wood is also fine with a couple of stress lines at the upper tang and some minor dings and scratches. Mechanically excellent.