'0311USMC' - Lots of U.S. Krag rifles, (and also Norwegian ones), have been modified for 'Hunting'. It was a popular thing to do for 30 years. When disposed of by the U.S. Government in the 1920s, Krags sold for as little as $1.50.
I would estimate the value of your Krag at $300 to $400. Part of its value would depend on the condition of the bore. Your metal parts all look good, on the outside, and have value for a restoration. You have a Redfield aftermarket sight, (complete with its longer side-plate screw), that is useful and also easy to sell, (if you don't want it).
If you have been looking at 'GunBroker', you will have noticed a lot of messed up Krags and a few nice ones. IMHO and experience - There has always been a tendency to over-price and misinform about Krags, especially the messed up ones that should be parts donors. Krags are really an area where it is "Buyer Beware"!
You would be wise to spend $20 and get Joe Poyer's book, "The American Krag Rifle and Carbine". It has lots of useful information (and some mistakes and faults). It will increase your enjoyment of your Krag and make you better informed than most vendors of Krags.
A word of caution - Krag parts, especially original Stocks and Hand-guards, are quite expensive. A decent model 1898 Krag rifle is not hard to find for around $800. It is very easy to pour too much money into a restoration project.
There are guys on Ebay, who are 'parting out' complete Krags faster than collectors can restore them!
Take time to shoot and enjoy your Krag as it is. If it's a Family heirloom, leave it like it is!
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