You got your money's worth if for 100-150 bucks. The set looks is an ebonized set with felt pads and is probably worth hundred bucks. The cases are probably worth between 50 and 100. It looks like you might have something close to this set though which is about 200 bucks.
http://www.chessusa.com/Merchant2/merchant.mvc?Screen=PROD&Product_Code=20-V02&Category_Code=EBCP&Product_Count=26