It depends on the condition and mint mark. MLook on the back of the coin to see if there's a small mint mark letter below the wreath. It may be blank or there may be an S.
Numismedia lists the following approximate retail values as of 09/2010:
No mint mark (Philadelphia):
Very worn condition - $1
Moderately worn - $2
Slightly worn - $3
Almost no wear - $17
Uncirculated - $25 to $810 depending on quality
"S" mint mark (San Francisco):
Very worn - $66
Moderately worn - $90
Slightly worn - $108
Almost no wear - $187
Uncirculated - $252 to $980
If your coin has an S mint mark you should have it examined in person, because counterfeits exist and that possibility has to be ruled out.
DISCLAIMER: The values quoted are the best available, but may vary due to market fluctuations. Also the wholesale (buying) price of a coin will be less than the selling (retail) price. A reputable coin dealer will be able to give a more accurate valuation based on inspection of the coin.
The 1908 Indian Head cent is valued from $1.00-$3.00 in average circulated condition.
1808 wasn't an Indian, but 1908 is worth Pretty common, $3.25 but with the hole the price ground rockets down to 75 cents.
Retail values for circulated coins run from $66.00-$238.00 depending in grade.
The value of a 1905 Indian Head penny typically ranges from $3 to $15, depending on its condition, while a 1908 Indian Head penny may be worth between $2 and $20. Coins in better condition or with notable mint errors can command higher prices. For precise valuations, it's always best to consult a coin dealer or use a grading guide.
There is no such coin as a Indian Head Buckwheat penny, but a 1898 Indian Head cent in average condition is worth $1.00-$3.00
An 1896 Indian Head Penny in good condition is worth $1.35, in fine condition is worth $2.00, in uncirculated condition is worth $30.00, proof is worth $150.00.
1869 Indian Head Penny: In good condition is worth $45.00, In fine condition is worth $175.00, uncirculated is worth $400.00, proof is worth $550.00.
Most Indian head pennies of 1909 are worth between $2.00 and $10.00. However, if the penny is an 1909 S Indian head then it would be worth between $400 to $600 depending on the value grade.
An 1896 Indian Head Penny in good condition is worth $1.35, in fine condition is worth $2.00, in uncirculated condition is worth $30.00, proof is worth $150.00.
It is worth $1.00. Check on (about.com)Indian head penny
Indian Head pennies were made from 1859 thru 1909.
There were no Indian Head cents minted until 1859.