Manufactured in 1925. Blade front and adjustable sporting rear sights with full length magazine tube. Standard two-line barrel address/patent date on the upper left barrel flat ahead of the rear sight and the two-line nickel steel/smokeless powder marking followed by "32 W.S." next to the rear sight. The Winchester oval proof is marked on the top barrel flat and receiver at the breech. The three-line model, maker, trademark information on the upper tang and the serial number is marked on the front bottom of the receiver. Blue finish with casehardened lever, forend cap and buttplate, and mounted with a smooth walnut forearm with steel end cap and straight grip stock with a crescent buttplate.