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Look on the back of the coin to see if there's a small mint mark letter below the eagle. It may be blank or there may be a D.

Numismedia lists the following approximate retail values as of 04/2010:

No mint mark (Philadelphia):

Very worn condition - $5

Moderately worn - $17

Slightly worn - $31

Almost no wear - $122

Uncirculated - $192 to $2,150 depending on quality

"D" mint mark (Denver):

Very worn condition - $5

Moderately worn - $17

Slightly worn - $34

Almost no wear - $115

Uncirculated - $192 to $2,280

The Barber design (named for the coin's designer, Charles Barber) was discontinued in the middle of 1916 and was replaced with the famous Standing Liberty quarter, so there are two completely separate designs from that year. 1916 Standing Liberty quarters are extremely scarce, so any such coins should be inspected by an expert to ensure they're genuine.

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