Yes, it is a Type 1. If I was to hazard a guess, it is a 1913 S Type 1. In AG condition, you should be able to flip it for $20. If the S was more pronounced, it would push to $30.
If you wanted to experiment, you could try some Nic-A-Date. See if a shadow of the date and mintmark shows up. Even Nic'd up, there is a collector looking for a filler in their collection.