I don't think you're required to do anything. Put it in a drawer and if they send the $5 mail it back. If they don't contact you, it's fair to assume they know it's worth little.
If it was gold and jewels, a coin and gold shop would know.
Now one possibility is they got this trinket in an estate group lot, it cost them nothing with the other gold and silver items in the lot, they knew it wasn't precious metals or stones but genuinely wondered if it might be one of those trinket rings that has value in the baseball hobby. They may have no clue about baseball collectibles. Thus they sent it to you wondering if per chance it may have some collectible value. If i turns out to be worth zilch, it's no big deal to them.
Last edited by drc; 12-19-2011 at 10:53 PM.
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