Its a turd.

Edsels, while they were a flop, were pretty high end at the time. The FFS went on entry level bikes. More like Ford Pinto than Edsel.

Does something have to work well to be collectible? No. But it helps if it is rare, was found on higher end bikes (so someone restoring something special might want one), etc. The old plastic Simplex derailleurs come to mind. While not super valuable, they go for more than what better competitor products from the same era go for. In the case of the plastic Simplex, not rare (they made millions of them), but enough of them broke over the years, that they are getting less common (still see a lot of them).

But I bet you could get more than $25 for it on ebay. I had a friend sell a "broken toaster" on ebay once, paid for a new working one. And it wasn't rare or interesting, just broken. I sold a paperback book I bought on Amazon once after reading it. Sold for more than I paid at Amazon (started auction at 1 cent). Did it as a lark.