$2.00 is a good price for that glove. There are certain rules of thumb:
1. find the best condition possible because most times they are not worth fixing.
2. details like the cloth patch I mentioned are good, leather piping or trim around the wrist opening is preferable to the cloth or canvas trim on your glove
3. A major manufacturer like Rawlings or Spalding are safe choices since they have name recognition.
4. Avoid imported gloves. Most 1940's and newer will state "made in U.S.A."
5. An endorsed glove like yours is good. A Popular Hall of Famer is the best endorser. i.e. Mickey Mantle, Babe Ruth, etc.
6. Be careful how much you spend until you become more knowledgeable. Prices of gloves vary according to the era that interests you. Contact Joe Phillips at (972)699-1808 or e-mail
glovecollector@tx.rr.com and he will set you up with literature for discerning the quality stuff. Also check out baseballglovecollector.com in their "glove library" to download baseball glove catalogs that may interest you.
I purchased my first collectible glove in 1989, a Spalding "Roger Maris" model for 25 cents at a garage sale. It was in great shape and good quality, the only downside being it was made in Japan. I kept it for a few years and eventually sold it for $25. I frequented flea markets, "Play it again" sports stores and antique shops and shows at the beginning. I rarely paid over $20 for a glove for years.
good luck, Mike