Manufactured in 1895. This is a very fine, totally original example of a very desirable Winchester Model 1886 Saddle Ring Carbine. The top of the barrel ahead of the rear sight is marked with the two-line address and "45-65/W.C.F." at the breech. The upper tang is marked "-MODEL 1886-", and the serial number is on the lower tang. Pinned blade front sight and folding ladder rear sight graduated to "9" (900 yards). Full length magazine tube, saddle ring and stud on the left rear of the receiver, blue barrel, barrel bands, saddle ring, stud and magazine tube, casehardened remaining parts, and mounted with a smooth walnut forearm and straight grip stock with a carbine buttplate.

Very fine. The barrel and magazine tube retain 90% plus original blue finish with some mild muzzle wear and some very light spotting. The barrel bands show some wear on the high areas. The receiver retains 75% plus vivid original case colors with a silver-gray patina on the balance. There is some light spotting on the underside. The hammer and lever show most of the dark case colors remaining, and the buttplate has a mottled gray patina. The wood is fine with some scattered minor dings, dents and scratches. The markings are crisp and clear. The action is excellent.