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Do you have a picture that you could attach here?
I have seen Nehru shirts with mother of pearl buttons for around $30 to $40. But if there is something unusual about yours, it could be worth more.
I see. That is totally different from what I was thinking. Do you have a picture of the entire item?
This actually looks more like a Yuegin Moon Guitar, but they have four strings and are shorter. An Erhu would be snake skin covered, and a Banhu would have a coconut shell body. But this doesn't really fit into either of those. Here is an example of a Moon Guitar, which shares all the characteristics of what you have, except that it is four strings.