This is an excellent example of a late production Winchester Model 1892 Saddle-Ring Carbine that was manufactured in 1924. This late production carbine has a full blue finish with oil-finished straight grain walnut stock and forearm. The round barrel has a standard pattern steel block mounted front sight and folding leaf rear sight. The full-length magazine is secured by the upper retaining band used on .32 and .25 caliber carbines and a screw-fastened lower band. A staple-mounted saddle ring is located on the left side of the receiver. The left side of the barrel is roll-stamped with the late style legend "-MODEL 92- WINCHESTER-32 W.C.F.-/-TRADE MARK-" in two lines below the rear sight. Oval Winchester "W/P" proof marks are stamped on the top of the barrel and receiver. The serial number, "945435", is stamped on the bottom of the receiver reading from left to right. The upper receiver tang is roll-stamped "MODEL 92/-WINCHESTER-/TRADE MARK REG. U.S PAT. OFF & FGN." in three lines. The Model 1892 Winchester was a smaller, simplified version of the Model 1886 Winchester that was intended as replacement for the Winchester Model 1873. Winchester manufactured over a million Model 1892 carbines, rifles and muskets before production ceased in 1941. However, Winchester Model 1892 Carbines were working guns; examples in excellent original condition are very hard to find.