The included factory letter confirms the caliber, octagon barrel, plain trigger, takedown configuration, the date the serial number was applied as July 26, 1904, and that it was received in the warehouse on September 3 and shipped on October 18, 1904, as part of order 253589. It has a blue finish on the barrel, magazine, forearm cap and receiver. The loading gate is fire blue. The hammer, trigger, lever and crescent buttplate are color casehardened. The stock and forearm are "Extra Finish" walnut with a high polish oil finish. The full octagon barrel has a standard sporting style front sight with nickel silver blade and a rare Winchester high velocity smokeless powder rear sight made especially for Model 1894 rifles chambered for high velocity smokeless powder cartridges. The left side of the sight is marked: "SMOKELESS/-.32 W.S.-M'94-" in two-lines followed by "50&100 YDS". The top of the sight base is roll-stamped with the Winchester legend and "OCT.8. 1901" patent date in four-lines. The top barrel flat is roll-stamped with the two-line legend: "MANUFACTURED BY THE WINCHESTER REPEATING ARMS CO./NEW HAVEN. CONN. U.S.A. AUGUST 21. 1894." ahead of the rear sight. "NICKEL STEEL BARREL/ESPECIALLY FOR SMOKELESS POWDER" is roll-stamped on the left barrel flat behind the rear sight. The caliber designation "32 W.S." is stamped on the top barrel flat immediately ahead of the receiver. The upper receiver tang is roll-stamped: "MODEL 1894/-WINCHESTER-/TRADE MARK" in three-lines. The serial number "230622" is stamped across the bottom of the receiver.

Near new. This rifle retains virtually all of the blue and color casehardened finish showing some very minor wear on edges of the receiver and takedown collar and several very light scratches on the buttplate. The wood shows only the slightest handling wear and retains close to 100% of the high polish finish. This is an extraordinary example of a Winchester Model 1894 takedown lever action rifle chambered for the .32 Winchester Special cartridge and fitted with the rare Winchester high velocity rear sight.