We’ve provided details of the 1986 Indian head penny value. If you have one, this guide will show you how much it is worth in the coin market. This coin stands out for many reasons, the most important being that it is a rare find. The 1896 Indian Head penny is one penny rookie and veteran coin collectors long to have in their coin collection. Where to Sell Your 1896 Indian Head Penny ?.Rare 1896 Indian Head Penny Error Lists.1896 No Mint Mark Indian Head Penny Value.