It's certainly a very cool cue to own due to it's documented and well-known short production run.
Apparently it was removed from the series very early on and not many were made. The problem is, nobody from Meucci can quantify what "not many" means.
Could be 5, could be 10, could be 200. Nobody knows for sure as of right now, as far as I know. All we have from Meucci is a communication saying:
[...] the Freshman-2 weren't made long, so there aren't many out there.
There are probably 10s of thousands of the other Freshman models out there, so compared to that, 200 could mean "aren't many". Who knows.
As you saw on the other Freshman 2 question on this site, there are a few others out there. Nobody who owns one can put a value to it as far as I can see.
It takes market activity to determine values, so until someone sells on and shares the selling price, we're forced to speculate.
Original MSRP was $350 just like the others in the series.
Yes, it is likely rare, but from what I can see, there isn't much, if any, demand for this specific model which means the value probably isn't that much higher than that of the other Freshman cues. The Freshman series in general isn't really "remarkable" in any way that would make these more sought-after. It was a lower-end series. I'd probably call the Freshman 2 cue "obscure" more than I'd call it "rare".
If I was going to insure it, I'd insure for $400, give or take $50.
Again, though, still a really cool cue to own because of it's limited numbers. One I would love to own myself if I had the cash to buy one.