Good intuition. The rug is machine made. One of the easiest ways to tell with a rug like this is by the fringe, which is stitched over the end of the rug on the front, then wrapping back underneath. I recognize this as a polypropylene machine made rug, I forget the manufacturer, but the style is what you would consider a Kerman medallion design.

As for value, really not too much. Replacement for a new machine made of this ilk would be somewhere in the vicinity of $200-320 or so. Maybe even slightly higher. I'm guessing the size is a 7'8"x11? Used value is maybe $50-$150 or so in fair - good overall condition.

No problem. Looking forward to the other rugs in question! What size is this rug?

Just as an extra tip, one good and quick way to verify a rug is machine or hand knotted is to look for alternating color knots within the design. They kinda look a little like a "Serat" pointillist painting to fill in some of the design elements. 98% of hand knotted rugs don't use this technique, and if they do, you can usually see the wool is spun with two different color staples to make one yarn, or a single knot. Good looking design tho, looks great in the room too.