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Hi Julia
This is a secretarial from a later period about 1959, the photo is actually one that Marilyn herself has said was her very favourite of all time. Cecil Beaton took it. This is still a valuable item being genuinely sent from Marilyn's own team and the photo itself being of the era and origin it is. It's possibly worth at least a couple of hundred dollars, maybe up to 500? it should be advertised as being a secretarial signed photo of Marilyn Monroe if you are selling it.
I refer you to my blog for comparison http://marilynmonroesecretarials.blogspot.co.nz/ - I call this Style F and there are two examples on there in the same hand.
Yes, the photo appears to be pearl finish, perhaps double weight. If it bears a studio stamp from Beaton, better still. If 11x14, better again.
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