I898 No Mint mark Proof Indian Head Penny Brown Red I898 No Mint mark Proof Indian Head Penny Brown I898 No Mint mark Indian Head Penny Brown Red I898 No Mint mark Indian Head Penny Brown You’ll find out about the features to look for that could increase the value of your Indian head penny and errors that could be worth lots of money. Read on to discover more about the 1898 Indian head penny value. Finding an 1898 Indian head penny in good condition is not easy, but if you are lucky enough to spot one, it could be worth hundreds or thousands of dollars! The value of a penny will depend on its condition and color. The Indian head penny is not only aesthetically appealing, but it is also historically significant. 1898 P No Mintmark Indian Head Penny Value.1898 Indian Head Penny Value and Varieties Guides.