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 around 1925.
The condition of the doll is poor. The head/face has started to deteriorate probably due to dampness and exposure to light.
The dolls limbs and body are made of a kind of composition material that has been painted. It is hard to tell what the head is made of due to the damages to the face. The clothes are contemporary. Unfortunately the condition of the doll is very poor which affects the value of the doll in a negative direction.

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