This is a Macgregor, Mashie Niblick, Deep Groove, corrugated / ribbed face,  hickory shaft club, 

This club is in very good condition relative to age and usage.

This club is listed in " Antique Golf Collectibles " Chuck Furjanic, on page 179, where it is valued at up to $250. depending on condition. See photo.

I'm listing this club for $150.  which is a discount of 40 % off the listed value of $ 250.