An average 1909 penny is worth about $1.00 If it has the initials VDB on the back, along the bottom rim, it will be worth about $3.00 http://www.sammler.com/coins/wheat_pennies.htm If it is an Indian head cent (also minted in 1909) it also might be worth a buck or two. However, EITHER design with the S mint mark (below the date for Lincolns, on the reverse below the wreath for Indians) would be worth significantly more.
What is the condition if in excellent condition it will be $10-12
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No such thing. Abe Lincoln has been on the penny since 1909.
Priceless. The first wheat pennies were made in 1909.
As of late August 2012 an uncirculated 1909 VDB penny with no mintmark is worth at least $20. In higher uncirculated conditions they can be worth up to $400.
Look at the coins again. No Flying Eagle cents are dated 1886 or 1909. They were only struck from 1856 to 1858.
The value of a 1909 SVDB penny can vary depending on its condition. In general, a penny in good condition can be worth around $750 to $1,000 or more. However, it is recommended to have a professional coin appraiser assess the condition and value of the specific coin.