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.

'Ora' - That is a high serial number.

Be aware, many online 'sources' can feature poor information.
(Bowers has a bad reputation on the KCA Forum).

Frank Mallory listed at least eleven Krag rifles, with serial numbers ranging 480778 to 499036, which would be higher than yours.

(These were Krag serial numbers found in surviving official documents. They represent only a small percentage of actual Krag production).

Krag production may have stopped at the end of the 1903 'Calendar Year', which would have taken it into the 1904 'Fiscal Year'.

The NRA did not buy and sell Krags.

In the 1920's, the Director of Civilian Marksmanship (an Army department) would sell Krag Rifles and Carbines to civilians, who were N.R.A. members.

In the 1920's, Benicia Arsenal altered Krag rifles, for an additional charge, into 'so called' "NRA - DCM carbines". The rifle barrels were shortened to 22 inches and a Springfield 1903 front-sight was installed. These 'carbines' can only be documented with a D.C.M. bill-of-sale.

At times, the Ordnance Department auctioned off Obsolete surplus gun parts and Ordnance items.

Bannerman's, Stokes Kirk Sporting Goods, and others, were regular auction buyers and got creative making Arms for the civilian market.

Photos of your Krag, when it arrives, will beget more observations.

I saw this one on the auction site. I had a small bid on it just for kicks and giggles. Lots of alterations for an advertised M1898 carbine. If it was unaltered, I would have been a little more serious because of the higher serial number. I know there are higher ones known but it is up there.

These well known auction companies continue to amaze me at how inept their experts are at identifying and describing firearms. You'd expect more from auction companies selling off millions of dollars worth of firearms.

I think you got more value in parts than you paid. Plus the fun of having another Krag in your growing collection.

Dick Hosmer wrote on Sep 24^th, 2019 at 5:36am:

I have wondered if spoiled receivers were replaced in the numbering sequence. You statement makes it clear that bad receivers would have had to have the number replaced or noted as scrap (leaving a void in the numbering sequence) to avoid paying the royalty.
Does anyone know which was done? Might explain the other receiver with the odd number, made from 2 sets of stamps.