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To value a Lincoln cent you need to know three basic things, pretty much the same as for any US coin:

1. Its date

2. What letter, if any, is under the date (it may be blank or have a D or S).

3. How worn it is.

With those pieces of information you can look up values at any number of online sites and in various guidebooks. Numismedia is a good website, and the Whitman Red Book and Krause guides are good print references.

In general, Lincoln pennies dated 1940 and later are only worth a few cents and that's mostly because of their metal content. Cents minted before 1940 can be worth more - sometimes a LOT more - but you have to know those 3 important criteria before determining an exact value.

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Q: How can you tell if a Lincoln cent is worth anything?
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