Thank you for contacting Mearto with your appraisal inquiry.

It is a lovely antique doll. Such antique dolls are being offered at auction on a regular basis.
The doll was made in the US in the 1930-1940s. It appears to be in fair condition with minor signs of use. The limbs and body are made of a kind of composition material and the head appears to have been waxed over or perhaps it is composition that has started to deteriorate under the paint. The clothes are original.

The estimate provided is for a well-advertised specialised online toys auction, where I believe the doll has the best chance of realising its fullest potential. However, there is no measurement for the sentimental value you might attach to your grandmothers doll. Retail "asking prices" can be higher and vary.

Please let me know if you have any additional questions. I’m happy to help.
Thank you