This is the upscale version of the 1898 No. 2 Bulls-Eye. Like the 1898 No. 2 Bullet Special, this has a top-quality Bausch & Lomb rapid rectilinear lens rather than the simple meniscus lens of the ordinary versions. Instead of three aperture stops, it has an iris diaphragm with a wide range of adjustments. It also has three shutter speeds in instantaneous mode. Unlike the Bullet Special, it does not have an option to accept glass plates. Originally priced at $15, it was nearly twice as expensive as the regular Bull's-Eye. According to factory records, the serial number dates this example to June of 1898. In total, 17,000 were made in three different models: 1898 Model, 1899 Model, and Model C (from 1900-1904).

The camera carries a celluloid dealer's plate on the back from Chas. H. Loeber in New York, who was very active selling cameras in the 1890s and early 1900s, until going bankrupt in 1912.