From 25 cents to $2.00 in average condition.
The first wheat cents were struck in 1909.If you have an Indian head cent with that date, see the Related Question for more details.
Wheat cents were made from 1909 to 1958. If your coin has an Indian head design, it's an Indian head cent, not a wheat cent. There's more information at the Related Question.
A 1905 Indian Head is a specific type of collectible Indian penny that has proven to gain value as the years pass. The value of these coins will vary depending on its condition.
what is the value of a Indian head penny in excellent condition
Less Than $4
No. Only Indian head cents were struck in 1908. The Lincoln head design was introduced part-way through 1909 so both designs were struck that year.
The value of a 1905 gold plated Indian Head penny varies according to condition. You might get $40 for a penny in very good condition.
There is no specific cutoff date for penny values. Value is determined by date and mint marks, based on how many coins were minted. That's why a 1909-S VDB Lincoln cent is worth no less than $400, but some older Indian cents, such as a 1905 for example, is only worth a dollar or two on average.
They have never contained silver. Yours is probably silver plated for jewelry.
There are no Indian Head pennies with a D mintmark. If there's a D on your 1905, somebody added it after the coin left the mint, rendering the coin almost worthless.
If the coins are in a collectible condition all are worth 50 cents to a dollar for the low grade coins
A US Indian Head cent dated 1905 is common, coins in average circulated grades sell for $1.00-$3.00