The vast majority I've seen were well worn examples of the lowest grade, always 12s, usually at a pawn shop or a gun show, looking for a new home.
No ejectors, no single triggers, usually no blue or finish remaining. Good examples aren't that common in my part of the world.
I have never handled a graded gun, either.
I would also say I have seen two model 1900s for every 1894 I've seen, and they usually looked as if they were rode just as hard and were put away just as wet as the 1894s.

Best,
Ted