Manufactured in 1904 as a Third Model with integral dust cover rail and dust cover with serrated rear edge. It has standard markings including the two-line Winchester address/King's patent marking on the upper barrel flat. It is fitted with German silver blade front and elevation adjustable buckhorn rear sights. It is mounted with a smooth forearm and straight grip stock with a crescent buttplate.

Fine, retains 50% of the original blue finish, 30% of the original nitre blue on the loading gate, and strong traces of the original case colors with the balance having thinned to a smooth grey or plum-brown patina. The wood is also fine with numerous light handling marks scattered throughout. Mechanically excellent.