Yes, a borderless T206 does hold "some" value. Whatever regular value the card had in regular form, it obviously will take a hit in some value, but still be worth something. However, T206's are always worth something. Some people like the oddities like borderless cards or miscuts or stamps on the back, etc,. whatever have you. So if you are patient enough, you will definitely find the right person that collects them and will pay accordingly.
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T206's Graded low-mid 219/520
T201's SGC/PSA 2-5 50/50
T202's SGC/PSA 2-5 10/132
1938 Goudey Graded VG range 37/48
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