Winchester for the day

Phil Spangenberger , who has written for Guns & Ammo, appears on the History Channel and other documentary networks, produces Wild West shows, is a Hollywood gun coach and character actor, and is True West’s firearms editor, has an article in True West about the Winchester rifle:

During the Golden Age of film, which spanned the 1920s through the early 1960s, moviemakers often relied on the classic lines and smooth action of the 1892 Winchester to depict the archetypal saddle rifle of the Old West. Thanks to the likes of John Wayne and many other movie cowboys, like those in The Wild Bunch (photo, top), this rifle has probably seen more use in Western and adventure films than any other rifle associated with the American frontier.
In 1892, smokeless powder was beginning to change the face of the firearms world, yet the older black powder loads were still quite popular. Anticipating the changeover from black powder to smokeless powder, Winchester brought out a new and more modernized rifle for its popular .44-40, .38-40, and .32-20 cartridges, one that would readily accept black powder ammunition, but with the additional strength necessary to handle the greater pressures generated by the new smokeless propellants.
Taking the basic mechanism of Winchester’s larger John M. Browning-designed 1886 model, Winchester simplified and scaled down the component parts, which produced a reduction in the weight of the 1892 model and the cost of its manufacture. The strong dual locking bolts, the breech bolt, the extractors, and the levering system of the big 1886 were retained, giving the 1892 the silky smooth action of its big-game predecessor. The new model combined an updated 1873 model (photo, bottom) with a scaled-down Model 1886.
The first 1892 Winchesters were finished in time for delivery to the company’s warehouse in New Haven, Connecticut, by 3 May 1892, and the gun made its public debut in the July 1892 catalog. The short rearward travel of the 1892’s bolt relegated the model only for use with the shorter, above-mentioned cartridges. In August of 1895, Winchester developed the short .25-20 chambering for the 1892 and added it to the line. The company produced a few rifles in .218 Bee caliber on special order in 1935 to 1938, but never advertised them.
Due to the popularity of the older Winchester Center Fire loads, coupled with a hardy demand out West for a lightweight, rapid shooting, inexpensive rifle, this new Winchester, which initially sold for just eighteen dollars*, was an immediate success. A full twenty-three thousand examples were produced before its introductory year ended.
As testimony to this lever gun’s continued acceptance with hunters, ranchers, lawmen and outdoorsmen of all persuasions, more than a hundred and seventy thousand of Winchester’s 1892 models were turned out in the few years before the end of the nineteenth century. Production of the 1892 ended in 1941, with a total production of 1,004,067 guns. The 1892 was Winchester’s second gun to reach the million mark, in 1932 (the Model 1894 was the first, in 1927).
Reintroduced by Winchester back in the late 1990s, due to the demand by cowboy action and cowboy mounted shooters, the gun is back in production, along with a number of clones put out by other manufacturers.
A big part of the Winchester 1892’s ongoing appeal is undoubtedly the nostalgia and romance created by the likes of John Wayne, Chuck “The Rifleman” Connors, Ben Johnson, Jane Russell, Kirk Douglas, and other action-adventure stars who, for decades, tamed the celluloid West while packing a Model 1892 Winchester. The rifle made a transition from the frontier to the big screen for several reasons. In the early days of the motion picture business, many of these rifles were around at cheap prices. Studios also found the 1892 handy because the rifle, chambered in the same calibers (.38-40 and .44-40) as Colt and other six-guns of the time, was capable of using the same “five-in-one” blanks as these revolvers. Best of all, the 1892 Winchester had the classic look of a frontier-era lever-action rifle.
From the real West to the reel West, the 1892 Winchester has earned a permanent place in firearms and Western lore.

Rico says that it's always been one of his favorite cowboy action shooting rifles; he had one in .38-40 for years... (And $18 was a lot of money in 1892, according to this calculator, in 2014 the relative value of $1 ranges from $24 to $1,050...)