It is a PDG 'Series' Paramount - a perfectly good bike, but not worth anything in the range of a Waterford Paramount. The bike was made in Japan - well made, in my opinion. Series 5 means that it had (and still has) middle-of-the-road components.

In the state it is in - it isn't worth more than $200 (depending on the market).

EDIT: BTW, that's a small frame; how tall are you? Maybe some adjustments are all you need.