I'm in the process of acquiring my 3rd Krag.  I haven't picked it up yet, so no pics for now.  But I'm curious because the serial number puts it at one of the last ones built.  It's 480708.  From the online resources I've found production was sometime in 1904.  I read that the higher numbers were "used as replacements", or sold to Bannerman or the NRA.

So is it likely this was a receiver sitting in the arsenal that was sold off as a stripped receiver to one of those entities?  It's a 1898 receiver with a carbine length barrel and what appears to be a M1903 from site.  Since I haven't picked it up I don't know if it was a cut barrel, or what.