I've shot one a bunch (30-06). A buddy has one made in the '20s with some type of period aperture sight on it. Overall, I would say it was in 85% condition. It is very well made and was quite fun to shoot offhand. We had an 8" steel gong at 100 yards that we would generally hit most times shooting (off hand). The weight of the rifle made the recoil very manageable, and the long sight radius made it accurate to shoot. It was a pleasure to appreciate the fine workmanship and smooth action of the rifle.
I think it is a fine period era collectible piece, and nice to shoot. My $700 DPMS 308 AR will out shoot it, but the 1895 is a true collectible and will both function well and appreciate in value. The workmanship and materials that went into these rifles will not be duplicated in most modern rifles unless one spends several thousand dollars.