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92 Trapper at auction
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twobit
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August 11, 2026 - 5:05 pm
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twobit said
Within the first 288,000 Model 1892’s manufactured there were 5,387 short barreled carbine produced.  Of those the 16 inch is the most common at 2,495 then the 15 inch at 1,713 and then the 14 inch at 958 examples.  17, 18, and 12 inch examples start to get into hen’s teeth range. Beyond 288,000 the disparity between 16 and 14 inch configurations decrease.  I have sampled 154 additional 16 inch examples compared to 128 additional 14 inch examples. Condition being equal then rarity will drive the price.  
Michael
  

Bert,

That is not what my data shows.  Between the ledger data and the additional “population” information the 16 inch option is more popular/common.

Michael

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Bert H.
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August 11, 2026 - 5:11 pm
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twobit said

twobit said
Within the first 288,000 Model 1892’s manufactured there were 5,387 short barreled carbine produced.  Of those the 16 inch is the most common at 2,495 then the 15 inch at 1,713 and then the 14 inch at 958 examples.  17, 18, and 12 inch examples start to get into hen’s teeth range. Beyond 288,000 the disparity between 16 and 14 inch configurations decrease.  I have sampled 154 additional 16 inch examples compared to 128 additional 14 inch examples. Condition being equal then rarity will drive the price.  
Michael
  

Bert,
That is not what my data shows.  Between the ledger data and the additional “population” information the 16 inch option is more popular/common.
Michael
  

Thanks for the correction.  Your survey is invaluable as it quantifies the potential production numbers.

Bert

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twobit
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August 11, 2026 - 5:13 pm
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Bert H. said

twobit said

twobit said
Within the first 288,000 Model 1892’s manufactured there were 5,387 short barreled carbine produced.  Of those the 16 inch is the most common at 2,495 then the 15 inch at 1,713 and then the 14 inch at 958 examples.  17, 18, and 12 inch examples start to get into hen’s teeth range. Beyond 288,000 the disparity between 16 and 14 inch configurations decrease.  I have sampled 154 additional 16 inch examples compared to 128 additional 14 inch examples. Condition being equal then rarity will drive the price.  
Michael
  

Bert,
That is not what my data shows.  Between the ledger data and the additional “population” information the 16 inch option is more popular/common.
Michael
  

Thanks for the correction.  Your survey is invaluable as it quantifies the potential production numbers.
Bert
  

Thanks.  SO glad that I haven’t been wasting time over all these years!!  Kiss

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mrcvs
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August 11, 2026 - 5:51 pm
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twobit said

cj57 said
https://www.proxibid.com/lotinformation/101787118/the-pinnacle-trapper-outstanding-original-and
Here’s a very nice trapper that sold last week, hammered at 65k
  

So this is a pretty much perfect  example of how trying to establish the “value” of a rifle is REALLY tricky!!  The $65,000 “Pinnacle Trapper” at Poulin apparently was only worth $32,313 when it sold this past December at RIA!!!  Now THAT is some kind of inflation!!  These rifles have no real set in stone value.  The value is purely driven by how much one or two guys want it and whatever satisfaction they derive from that ownership.  https://www.rockislandauction.com/detail/4096/1009/winchester-model-92-saddle-ring-trappers-carbine
Michael
  

What do you think the OPs carbine is really worth?

Also, what it brings in a few weeks may not even reflect true value in that a bidding war might ensue and then if resold not too much later, without a bidding war, it could bring considerably less.

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twobit
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August 11, 2026 - 6:29 pm
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mrcvs said

twobit said

cj57 said
https://www.proxibid.com/lotinformation/101787118/the-pinnacle-trapper-outstanding-original-and
Here’s a very nice trapper that sold last week, hammered at 65k
  

So this is a pretty much perfect  example of how trying to establish the “value” of a rifle is REALLY tricky!!  The $65,000 “Pinnacle Trapper” at Poulin apparently was only worth $32,313 when it sold this past December at RIA!!!  Now THAT is some kind of inflation!!  These rifles have no real set in stone value.  The value is purely driven by how much one or two guys want it and whatever satisfaction they derive from that ownership.  https://www.rockislandauction.com/detail/4096/1009/winchester-model-92-saddle-ring-trappers-carbine
Michael
  

What do you think the OPs carbine is really worth?
Also, what it brings in a few weeks may not even reflect true value in that a bidding war might ensue and then if resold not too much later, without a bidding war, it could bring considerably less.
  

That is almost impossible to answer for SO many reasons.  For me personally, I am not a “trapper” fan.  First, I just don’t like them.  I see them as too much like a toy gun.  Especially the shortest barreled ones.  Therefore, MY value is going to be less than a lot of others.  Second, they are A LOT more common than past authors and most collectors think that they are.  If you read this thread that I started I document some of the incorrect number that many people use to justify rarity.  https://winchestercollector.org/forum/general-discussions-questions/research-answering-questions-and-the-trouble-with-madis-and-pirkle/   Third, the value of a dollar is much more different amongst collectors who have more or fewer of them to spend.  By this I mean that if I have $150,000 to spend in a year on my Winchester hobby I will be much more willing to spend one or two thousand more on a particular rifle than a guy who has $2000 to spend in a single year.  Our value of what we “value” (money) is different to us.  

Here is another example of crazy supposed values of a rifle.  I have now seen this rifle for sale four individual times in 8 years.  It was first sold at Julia’s in March of 2018 for $9200.  It was subsequently listed at Merz for $15,000.  Then, in October of 2025 it was “sold at RIA” for $5875!!!  THEN.. agian it was listed at Merz in March of 2026 for $27,500 where it still sits.  https://www.merzantiques.com/product/w4463-special-order-winchester-1892-pistol-grip-checkered-rifle-in-caliber-25-20-m/

Back to your original question.  The OP’s trapper is probably worth someplace between $6000 and $20,000.  Or much higher if the Poulin buy, and his competition are still in the game.  Or maybe not.

Michael

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