porcelain
Ma.
Thank you for submitting your item for appraisal. This appears to be a german bisque head doll of the late 19th century, marked "Germany" and "129", most likely made by Kestner. With a compositon material body and a nice antique dress plus the natural hair wig, plus antique doll shoes very much in the style of french bebe dolls. After many years of a decline in value, prices for antique dolls are going up again. The estimate is based on similar offered or sold at auction.
Prices in the trade and especially at antique fairs may vary.