All other things being equal, coins graded brown are the most affordable, while red coins are the most desirable. The value of the 1898 Indian Head penny depends on its color and condition. That didn’t begin adding its own mint marks to coins until 1942. That’s because they were all struck at the Mint facility in Philadelphia. None of the Indian Head pennies minted in 1898 carry a mint mark. Composition: 95% copper, 5% tin and zincġ898 (P) No Mint Mark Indian Head Penny, Brownġ898 (P) No Mint Mark Indian Head Penny, Red and Brownġ898 (P) No Mint Mark Indian Head Penny, Redġ898 (P) No Mint Mark Proof Indian Head Penny, Brownġ898 (P) No Mint Mark Proof Indian Head Penny, Red and Brownġ898 (P) No Mint Mark Proof Indian Head Penny, Redġ898 (P) No Mint Mark Proof Indian Head Penny, Cameoġ898 (P) No Mint Mark Proof Indian Head Penny, Deep Cameoġ898 Indian Head Penny Values and Varieties Guides 1898 (P) No Mint Mark Indian Head Penny Value Image: usacoinbook.Ready to find out more? Step this way … 1898 Indian Head Penny Details And we’ll look at what separates an ordinary penny from something that will get collectors hot under the collar. We’ll explore the 1898 Indian Head penny value, its history, and varieties. We’re going to look at a single year’s mintage to answer that question.