I did not know Outers ever produced bows; I always think of them as a gun-care products company. But, I ran across this ad:
http://www.ebay.com/itm/1977-OUTERS-...#ht_2414wt_924
If you look on Ebay, bows from that era don't bring a high price -- definitely under $100, maybe under $50.
If you want to put it into service, I'd take it to a pro shop, but I'd also say your money would be better spent elsewhere.