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Model 1889 #46424 would have been made in 1892.
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That would be from Charles Semmer's serial number chronology which was produced by estimating from surviving shipping records. The 1890 date given on the back of the hang-tag is quite plausible. The fact that the targeting information on the hang-tag gives loading information supports the 1890 date. Union Metallic Cartridge Co. began offering factory loaded paper shotgun shells in 1891. Later hang-tags show targeting done with UMC factory shells and loading data was moved to the back of the hang-tags.