The No. 4 Perfection was a more utilitarian model meant primarily for hunters and are very hard to find with considerable original finish. This rifle has a full octagon barrel marked "38-50" (38-50 Ballard Everlasting) on top of the breech with matching number "10822" and an "S" on the underside beneath the forearm, Beach front sight, adjustable sporting rear sight, adjustable mid-range peep sight, two-line marked rebated forged action with a single trigger and 'S' style lever, straight grip with breech block matching numbered "10822", standard smooth forearm and straight grip stock with a crescent steel buttplate.

Fine, retains 50% original blue finish on the barrel mixed with smooth brown patina on the balance, 40% plus original case colors on the attractive frame with some areas turned to a smooth gray patina, and sharp markings and edges in the metal overall. Wood is very fine with some scattered light handling marks, one small chip at the tip of the comb, and distinct edges overall. Mechanically excellent.