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There are 2 varieties of 1888 Indian Head cent. The one with an "overdate" which shows 1887 underneath 1888 is much rarer. Numismedia lists the following approximate retail values as of 03/2010:

Normal date:

Very worn condition - $1

Moderately worn - $6

Slightly worn - $8

Almost no wear - $31

Uncirculated - $54 to $525 depending on quality

Overdate 1888/1887:

Very worn condition - $1,888

Moderately worn - $2,850

Slightly worn - $5,820

Almost no wear - $15,180

Uncirculated - $21,880 to $44,380

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Q: What is the value of an 1888 Indian head penny?
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