[Phlogiston]

All very good questions, which will lead to many more very good questions.

Don't take this the wrong way, but you are starting at a very basic level. The decision that you have to make is whether you want to take the time to do this safely and correctly, many people do and enjoy it, OR pay someone else to do it. If you take the time to learn how it will probably lead to many more radios.

That being said, if you want to do it, you need to find a good book - or two which will cover basic TUBE electronics and old radio restoration. For me to give you all the information that you NEED would simply take pages and pages of text pictures and drawings.

You will also find much good and bad information on the internet.

I would encourage you to read up a little and then ask questions pertaining to your radio here.

As to your radio's value and scarcity, it is a classic easily identified by the public as an "antique" radio. Its value at this time is for parts or restoration, I would say around $100 tubes and all. If that cabinet is as good as it looks and displays nicely and the radio chassis is restored correctly and works well, it could sell for $400 or more in the right venue. Keep in mind that the old radio market is depressed except for the very most desirable sets. This might change if the economy picks up and it might not. It would be better to look at this as an investment in your family's history and a nice hobby rather than a road to profit.