The accompanying factory letter confirms the carbine configuration in .40-82 caliber and states the carbine was received in the warehouse on June 13, 1892 and shipped on November 28, 1892. According to research conducted by John T. Madl and presented in the summer 2018 issue of "The Winchester Collector", Winchester only manufactured 1,416 Model 1886 carbines chambered in .40-82 WCF caliber. The barrel is fitted with a pinned blade front sight and a folding ladder rear sight marked "1886" and graduated to 1,000 yards. The top of the barrel has the two-line address legend ahead of the rear sight and "40-82/W.C.F." at the breech. The upper tang is marked "-MODEL 1886-." The lower tang has the patent dates marking and the serial number. The receiver has the desirable casehardened finish. Mounted with a standard carbine forearm and buttstock with carbine buttplate.

Exceptionally fine. The barrel, magazine and barrel bands retain 85% plus original blue finish with thinning to brown on the balance. The frame retains 75% plus original case colors. The bolt retains 90% original blue finish. The hammer, lever and buttplate retain 70% original case colors. 95% original blue remains on the loading gate. The wood is fine with minor dings and scratches. Mechanically excellent. An attractive and rare Model 1886 .40-82 WCF carbine missing from even the most advanced collections.