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To look closer at the 1898 Indian Head Penny value, we need to look at different varieties of the coin along with any errors it has. While Indian Head Pennies are quite easy to find, some of them can be worth huge amounts of money. It’s a beautiful coin, and the series is loved by collectors. The 1898 Indian Head Penny is part of a series of coins that ran from 1859 to 1909. Where to Sell Your 1898 Indian Head Penny ?.1898 No Mint Mark Proof Indian Head Penny Value.1898 No Mint Mark Indian Head Penny Value.1898 Indian Head Penny Value By Mink Mark.