Indian Head pennies minted between 1859 and 1909 are valuable. Likewise, Lincoln wheat pennies that were minted from 1909 to 1958 as well as Flying Eagle pennies are worth money.
While the pennies currently in circulation are worth just one cent, some discontinued designs are sold on the coin market for a lot more than their face value. Pennies dated earlier than 1857 come in many different varieties, so they usually are priced on a case-by-case basis.
Indian Head pennies depict Lady Liberty wearing a Native American-style feathered headdress. If they are not badly damaged, they are very valuable.
Pennies that bear the image of President Abraham Lincoln on one side and wheat heads on the other are sometimes called “Lincoln Cents” or "wheat pennies" and are valuable. Such coins were made of 95 percent copper except for the 1943 penny, made of zinc-plated steel. The value of Lincoln Cents depends on various factors including their condition.
Flying Eagle pennies dated 1857 or 1858 are worth more than their face value. Flying Eagle Cents dated 1856 are worth substantially more because they are extremely rare. Only 2,000 were issued. Many experts consider this type a pattern coin, not meant for circulation, according to About.com.