Re: Any info on this 30-40 Craig?
Mustang is right on.
I remember when the Krag's were $50 rifles. That was in the '80s. Perfect military examples could actually be had for less than the sporters... noone wanted them.
Now, un-messed-with rifles can be quite valuable.
They were very innovative for their rapid 'side door' loading system. Big improvement over the Trapdoor rifles that they basically replaced, but nowhere near as good as the European Mauser-actions.
Quick loading was supposed to be its advantage. You just opened the door and dumped in a handful of cartridges and off you go.
Krag's were used in Cuba/Spanish American war and, as Mustang said, in China and Phillippines. But they were quickly replaced by the 1903 which initially used the .30-03 cartridge. This was quickly replaced by the far-superior .30-06 cartridge.
For years, they were available through DCM. Right into the '50's from what I remember. There used to be ads for them in the old, old American Rifleman magazines I used to love as a kid.
Cool gun and typical of what someone would likely have done to build a cheap deer rifle years ago. Actually, the work is executed better than a lot out there. From your pix, the builder did a reasonably good checkering job! And neat scope!
Cheers,
Sirhr