Things are always worth something when there is a collector around! There has been a resurgence of nastalgic toys and books which will bring some value to the book. Depending on what condition it's in you could probably get anywhere from $15-$30 from a collector. They were mass printed, so that takes the value down now, but hold onto it and keep it in good condition and as the others fade out, yours will become more valuable.
Ebay is always a good place to gauge what collectibles are worth if you don't have an antique book expert in your area:
http://search.ebay.com/search/search.dll?from=R40&_trksid=m37&satitle= Raggedy+Andy+book&category0=



