23,000 of these Model 1865 carbines are estimated to have been manufactured in 1865 and 1866. This carbine does not have a Stabler cut-off and has the other standard manufacturer markings and features, including two cartouches on the left side of the stock and an inspector's stamp ahead of the buttplate tang. Many of these late Spencer carbines were used into the late 19th century Indian Wars.

Extremely fine, near as issued overall with 80% plus original blue and 90% vivid casehardened finish, minor oxidation, and mostly only age/storage related wear including some scrapes and dings on the stock. The excellent stock has markings, including the cartouches, are crisp with scattered dings on left side of buttstock. Mechanically excellent.