What kind of instrument is this?

It has written Clavero

 

It is a banjo,see link for more information... https://www.google.com/search?client=firefox-b-1-d&q=Clavero+banjo

 

I searched a bit and it seems like a manjolino.

 

Would it have any value?

 

Ok new on here so

 

Yes, it is a cross between a banjo, which has 4 or 5 strings with a longer neck, and a mandolin, which has 4 pairs of strings and a short neck. Sometimes called a mando-banjo, or banjolin, or mandolin-banjo. You can search ebay for mandolin-banjo, selecting for sold items, to get an idea of potential value.

 

Yes, as 2manybooks says; I'd usually call it a mandolin-banjo, but any of the terms mentioned would work as search terms.
It is hard to say from just one picture, but it looks like it might need some work to be playable, at least a new bridge, maybe more, maybe much more.
Again, hard to say without more pictures, but the way it is put together would suggest it is not US made, but very possibly made in England or Europe.
US style: main body would be very much like a drum, with the skin head attached to a wood or metal rim; the neck is attached directly to that drum.
English style: neck is attached to an empty wooden "bowl;" the drum assembly "floats" inside that bowl, and the neck is not attached directly to the drum.
(I believe Clavero is a name found on European-made instruments, from around 1920 or so, but don't know much about the company, and the name does not necessarily reflect a particular maker, but perhaps a dealer or seller's name; much like in the US "Silvertone" was a name used on instruments sold by Sears Roebuck, but made by a number of different companies).

 

thank you this is rather interesting. I will search later on. Although not likely I’ll part from it.

 

wowww thanks I certainly appreciate your valued information. Perhaps one day I will try find out someone to put it back to its glory

 

Here's a mandolin-banjo of mine for comparison; you can see how the neck is attached to the wooden "bowl" as seems to be the case with yours, rather than to the drum itself. This was likely made in England around 1920, and is marked "Savana."

 

Thank you, yes it does look similar. I am grateful for the information, both my grandfather and dad has passed so I had no way of getting to know it’s history

 

A better view of it