‘RD’ is red, ‘RB’ is red-brown, and ‘BN’ is brown. The letters before the number are ‘MS’ for mint state coins meant for circulation, and ‘PR’ for Proof coins meant for collectors.įor Indian Head Pennies, you may also see letters after the number, which is their graded color. Coins are rated on a scale from 1 to 70, with 70 being coins in perfect condition. The grading of coins may appear to be complicated, but it’s actually quite simple. All you need to do is read on to find out more! 1898 Indian Head Penny Value Chart Coin Gradeġ898 No Mint Mark Proof Indian Head Penny We’ll also answer some FAQs to give you all the info you need. 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.