This rifle was manufactured in 1892 and has a special order fancy grade semi-pistol grip stock and forearm with multi-point checkering, a shotgun style buttplate, and an ebony grip insert. Other features include the single set trigger and tang mounted peep sight. It has a replacement beaded blade front sight and an adjustable sporting rear sight. The shortened barrel is marked with the two line address on top ahead of the rear sight and the caliber designation "40-65 W.C.F." at the breech. The casehardened action has the model designation on the upper tang under the peep sight and the patent dates and serial number on the lower tang.

Fine as period modified (barrel shortened). The rifle retains 60% of the original blue finish and 40% of the case colors. The finish on the magazine tube has mostly faded to a brown patina. The case colors are particularly strong on the lower tang. There is some light spotting. The wood is very fine with sharp checkering, several small dings, a chip on the left wrist at the junction with the frame, and scattered minor scratches. The action is excellent, and the markings are crisp. Winchester Model 1886 with strong case color retention are very rare. The assorted special order features and condition combine to make this a highly desirable Winchester rifle.