Howdy Tinknocker.  Welcome to the forum and to the wonderful world of Krags!!!  Careful, they're addicting!

Well, it looks like you have a Model 1896 rifle that has been cutdown and sporterized.  It has a 1901 rear sight that is installed backwards.  The handguard is obviously missing.  The stock has been shortened to make it appear more like a carbine stock, and sanded to remove any dings, blemishes and dark finish.  Likewise, the barrel has also been shortened and an aftermarket banded front sight installed.  This was a popular modification to make the krag into a more handy hunting rifle.  Some of the other members with access to SRS records can look up the serial number and see if it's listed.

Fear not...  It should prove to be a very good, and fun shooter.  What is the barrel length as measured from the muzzle to the closed bolt face?  Does any markings remain on the stock in the wrist area and behind the trigger guard?  A closeup of the front sight will help identify the brand.  If you don't mind my asking, what did he pay for it? 

Have you fired it yet?  Krags have the slickest bolt of any rifle manufactured, and they're wonderful to shoot!!!

I hope this helps
Paul

Thank you for the information and your quick responses!  I look forward to shooting it!  The action is extremely tight with some of the nicest rifling i have seen for a rifle of its age.  I think my father only paid 150 dollars for it so shooting it for fun doesn't sound like a bad idea.