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From your description,I would say that you have a Winchester model 1873 third model carbine that was made in the year 1891.The letter B after the serial number is the correct letter in your serial number range.this is a highly collectable Winchester carbine.since you do not say what amount of original finish remains and the overall condition of your carbine.The minimum value will be 1,200 dollars.It could go as high as 10,000 dollars for a carbine with 60% of its original finish remaining.Since it is chambered in 32-20Win.You may add 10% to the above stated prices.

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Q: What can to tell about a Winchester 32-20 carbine serial number 400977B It has an octagon barrel and the words Kings Improvement patented March 29 1866 October 16 1860?
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