It has no special "collector" value, because to serious collectors, condition is muchos important. It still functions well enough to be used, so IF it was mine, I would be fixing the cracks, refinishing the wood, cleaning off any rust and crud, and giving it a re-blue with several applications of Oxpho Blue (Brownells) ... no need to hunt with an ugly gun! I have the same rifle, but with a 1915 manufacture date, so I believe from the second year of production. It has had "the treatment" including a D&T and scope mounting.
You may already be aware that the early 250-3000s, probably yours included, have a 1 in 14" twist rate, and most will not stabilize 100gr or heavier bullets, as they are too long. In fact the Nosler manual states outright that their 100gr bullet will not stabilize in the 1in 14 twist barrel. Not sure when Savage increased the twist rate in the 250 ... I think to about 1 in 10. You likely know they were designed initially for an 86gr bullet. Mine groups well with the 90gr Sierra HP over a less than max charge of IMR 4350.
Hope you enjoy your 250 whatever you decide to do ... definitely a real classic!