I have not found any Olds serial number charts with this type number.  Is this a model number?  Maybe you should post a couple of pics of the horn, particularly the model/serial number area and details of the pinky table keys and palm keys.  Maybe someone will recognize these.

Olds never manufactured any saxophones themselves.  They stencilled their brand on horns made by other manufacturers.  The most common Olds saxophones were the "Parisian" student instruments made by Pierret in the late 1950s to early 1960s.  They have very little value.  Some Olds saxophones were made by Martin and they are much better.  The Martin-Olds horns have tonehole rings soldered onto the body.