When Winchester dropped Model 1886 from its line in 1935, the company replaced its large-bore lever-action rifle with Model 71. Chambered for .348-caliber. Model 71 is similar in appearance to Model 1886, with some internal parts strengthened to handle the powerful .348 cartridge. Frames and barrels were blued on all models of this rifle. Model 71 was produced from 1935 to 1957, with about 47,000 built.

Model 71 was available in three basic configurations:
1. Standard Rifle: 24" round barrel; 3/4 magazine; plain walnut pistol grip stock; semi-beavertail forearm.
2. Standard Rifle (Carbine): 20" round barrel; 3/4 magazine; plain walnut pistol grip stock; semi-beavertail forearm.
3. Deluxe Rifle: 24" round barrel; 3/4 magazine; checkered walnut pistol grip stock; checkered semi-beavertail forearm.
4. Deluxe Rifle (Carbine): 20" round barrel; 3/4 magazine; checkered walnut pistol grip stock; checkered semi-beavertail forearm.

Note: Add 10 percent for bolt peep sight; 20 percent premium for pre-war models (pre-war Model 71s have a longer tang than post-war equivalent).