Keith,
Any spline bat is on the scarce side. Yours appears to be from around the 1890's. The market for spline bats is not that strong as most people don't really recognize them for what they are. As for value, it is hard to say. The 9 spline bats I've obtained over the last 15 years from Ebay auctions were all cheap. I would not let them go, however, for anywhere close to what I paid. The presentation spline in the "Sports Collectibles & Equipment" book is valued at $2500 and is similar to one I have listed.
John
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