Manufactured in 1892. Dovetailed blade front sight and adjustable buckhorn rear sight. The two-line address is marked on the top barrel flat ahead of the rear sight, and "40-82 W.C.F." is at the breech. The receiver, forend cap, buttplate and lever are casehardened. Winchester discontinued the use of casehardened frames in 1901. The barrel, full tubular magazine, bolt and trigger are blue. 1884 and 1885 patent dates and the serial number are marked on the lower tang, and the upper tang is marked "- MODEL 1886-". Mounted with a smooth walnut forearm with a steel forend cap and straight grip stock with a steel crescent buttplate.

Very good plus. The barrel and magazine tube have 20% blue with the balance a smooth brown patina. The receiver retains traces of original case colors with a smooth mottled gray on the balance. The lever shows strong original case colors in protected areas with a smooth gray patina on the balance. The buttplate has a smooth dark patina. The wood is fine with a small shallow gouge on the upper left rear of the forearm and overall scattered minor dents, dings and scratches. The markings are crisp and clear. The action is excellent.