Any piano of that age would need some restoration. It is more than 100 years old!
Older pianos do not have any value based on their being old. This is because the parts wear out and must be replaced. People who buy pianos are not collecting them; they are buying them to play.
Aside from not having any restoration, if your piano is in very good condition, its current retail (replacement or insurance) value is approximately $800. If you were to sell it, you could expect to get the fair market (private sale or auction) value of approximately 40% of the retail amount, or $320, depending on location and actual condition.
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