Depending on the type, there's no harm in cleaning it up and putting it to use. There's few types that you may not want to (mainly 2 that are made of aluminum, and one that has "45E" on the box label). Otherwise, have at it! They're fun to use once you get the hang of them
Judging by prices seen online and in antique shops the 45 has value:$125+. Nothing to sniff at but not a king's ransom, either. My view with things like this is that unless one really needs the money old tools should be put to use. I found a 45 for 12 bucks at a flea market: the seller sort of knew what it was but didn't care because his interest was metal fab and the market was only a hobby. I took this as a sign that the tool was meant for the shop, mot eBay or a display case. In the case of yours, OP, I say give it a chance to be a user.
Thank you both for the good news. I'm going to clean it up and tune it and put it to use.
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