The value of any item, is the amount you can sell it for!
If you look on eBay, some times an item sells for, say $100 - this is because more then one buyer likes the item. If only one buyer likes your item, it could sell for $20. Ken.
I haven't kept up with the current market prices of this pattern. However, with a low serial number like "#17", it is most likely a salesman's sample of the Walden knife with the birdshead pommel. Condition will play a role as will completeness (all papers, packaging etc.). IIRC, those were carbon steel so prone to pepper spots and marks from acid fingerprints. So it may be a very desirable knife to the right collector. Possibly well over $100-150.
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