Definitely...any BW is worth $200...some even if they are broken.
It is definitely worth it as a collectible. You could buy it and make money on it.
Problem with it as a shooter is that you cant read the info on it so you don'r know what draw weight it is, if it is too much or too little to you. I would call the guy and ask him, or just buy it and worry about that later. You won't loose on it.
The first thing you want to do is kill the Craigs List contact here so none of us get ahead of you and beat you out of it.
In my opinion it is a great buy