Manufactured in 1926 with standard markings including Winchester factory oval proofs on the barrel and receiver at the breech. Fitted with pinned German silver blade front and folding ladder rear sights, and a saddle ring on the left of the receiver. Mounted with a smooth forearm and straight grip stock with a carbine buttplate. Includes a letter from Lewis E. Yearout describing the exemption process. This carbine is listed by serial number by the BATFE as exempt from the National Firearms Act and classified as a "curio or relic" in the "Curios or Relics List."

Very good, retains 30% original blue finish, primarily on the barrel and magazine with the balance primarily a smooth silvery-grey patina and some patches of light pitting on the receiver. The wood is also very good with a few scattered minor dings and scratches and a hairline crack in the right of the wrist. Mechanically excellent.