Is this an antique or junk?

16 rpm was used mostly for recorded voice, especially radio skits, readings for the blind, etc. A few musical recording were made, I even think a few jazz recordings in the 50's, but not many.

Don't know much about that Garrard, except it is a 50's model. There's one on E-Bay now for parts at about $12.50

Junk. This model is a record changer, should be called a "record mangler."

SOmeone will want the TT to transcribe old 78 rpm records I would think. Music collectors have lots of old records from the 50's and back in that speed. You cannot get a new deck to play that very easily. They might put on a different tonearm, depending on the original, and a cartridge with the special mono stylus, but there is no other way to get the old records transcribed to digital or something.