Reddit mentions of Zenith Trans-Oceanic: The Royalty of Radios

It is a shortwave and AM receiver, not a ham radio. The ham radios transmit as well as and receive.

I'd be careful of plugging it in and trying it if you don't know that it works already. Old tube radios can do a good job of killing you if they have a major problem.

Value? Yes, this radio is popular. One that works well and is in good condition can go for $200 or so. Super great condition is $300 or so. It is hard to tell from the photo since we can only see a tiny part, though I can see the faceplate isn't cracked around the screws. That happened a lot with this model. That's a good sign.

Untested and unworking, but complete? Maybe $80-$100.

The bottom line is, someone will definitely want it. It is a very cool radio with a long history. Somebody even wrote a book about them: http://www.amazon.com/Zenith-Trans-Oceanic-John-H-Bryant/dp/0764328387/ref=sr_1_sc_1?ie=UTF8&qid=1451588096&sr=8-1-spell&keywords=trans+osceanic

If you're a big fan of this radio line I recommend this great book about them;
http://www.amazon.com/Zenith-Trans-Oceanic-John-H-Bryant/dp/0764328387/ref=sr_1_1?ie=UTF8&qid=1453160820&sr=8-1&keywords=zenith+transoceanic+radio
I have a H500 model and it works great, awesome sound quality. Would love to grab one the 70s/80s era models too.