Welcome Daniel,
The Studebaker engine swap was a '50s - '60s power adding swap. The truck appears to be in restorable shape from the photo, and would be worth something to someone. The real question would be is to how much is remaining of the truck. Are the floors and frame rotten? A good starting point would be to check out eWillys.com to see what the asking/going price on some of the trucks close to your condition are. You can even post your truck on there for sale for free, when you decide to pull the trigger.
http://www.ewillys.com/