Manufactured in 1903. Standard Winchester markings including the factory oval proofs. Equipped with a Sheard blade front sight, correct .32 WS smokeless rear sight, and added tang peep sight. The forearm and straight grip stock are nicely figured walnut. The buttstock has a crescent steel buttplate.

Very fine, retaining 80% original blue finish with thinning to brown on the balance. There are limited small patches of pitting. 40% original case colors remain on the hammer and lever, and patterns of original case colors remain on the buttplate. 80% original nitre blue remains on the loading gate. The wood is fine with some minor dings and scratches. Mechanically excellent.