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That is a Japanese Arisaka. Don't know more than that, but I'm sure there are a lot of guys on here that do.
 

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It is an ArisakaType 99 chambered in 7.7Jap. Looks like it is complete with the dust cover (+), aircraft sight fold outs on the rear sight (+), Mum (+). Missing the monopod (-) and I don't think the sling is original. If you can get a clear picture of the markings on the left side rail of the receiver, we might be able to get you a better date and which arsenal made it.
Looks to be in pretty good shape, so I would put it somewhere in the $300-400 range. (These are getting harder to find)
 

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I suggest using some oil to stop the rust.

The sling is not original and as deadin says, the monopod is missing, but it looks to be in excellent condition and I think it would bring at least $100 more than the value he mentions. Ammunition is available, though expensive. There is no surplus ammunition as there is for some other WWII calibers.

Jim
 

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AsJim said, oil it to stop the rust. Otherwise looks to be in pretty good shape. Please take a picgture of the markings on the receiver opposite the bolt. If your floor tiles are 12", your gun appears to be the short rifle--long rifles are 50 plus inches long and are rare. Check that the numbers are matching--even the dust shroud will have a number on it. With matching numbers, an intact mum, and in the condition it is in, I'd put the value at $400-$450. FYI--the stocks on many of these guns were cut so they would fit in a duffle bag--the cut would be hidden underneath the barrel band that has the front sling swivel.
 
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