It's called a "Straw Doll" and has definite value. I have this one, as well as a Brooklyn Bum and the Boston Braves version. The Bum is worth the most, followed by the Giants, and then the Braves. They are from the late 1940s - early '50s, and are rare. Rarity does not always translate to value, however... as these things are always based upon demand.
Inside The Park Collectibles does a very nice job with this type of stuff, and has sold a few of these over the years. If you wanted to sell it, I would consider consigning it over to them.
Or there's always eBay. As far as value, I would estimate the following...
Brooklyn Bum - $125 - $150
NY Giants - $75 - $100
Boston Braves - $60 - $80
There are also generic versions, not affiliated with any specific team. These go for about $25 - $30. Hope this is helpful.
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