It is called a "mini coin". They are manufactured as a novelty and have no numismatic {fancy word for coin collecting} value.
There was never a silver Indian Head penny.
The 1903 Indian Head cent is a common coin most are valued at $1.00-$3.00
Wheat Back cents did not begin production until August, 1909. Any 1903 penny would be an Indian Head cent.
Wheat cents were struck from 1909 to 1958. If your coin is dated 1903 it's an Indian head cent.
A cent.
There was never a silver Indian Head penny.
The 1903 Indian Head cent is a common coin most are valued at $1.00-$3.00
Wheat Back cents did not begin production until August, 1909. Any 1903 penny would be an Indian Head cent.
Wheat cents were struck from 1909 to 1958. If your coin is dated 1903 it's an Indian head cent.
A cent.
$1 if very worn, $2 if in average circulated condition.
The Indian Head penny was not minted until 1859.
ALL 1903 Indian cents were struck in Philadelphia so none of them would have a mint mark. The first branch mint Indian cents were struck in 1908. See the Related Question for values.
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
To clear things up, wheat cents were made from 1909 to 1958. Indian head cents were made from 1859 to 1909. Please see the Related Question for more information.
No 1803 Indian Head penny's exist. The first one was struck in 1859.
1874 Indian Head Penny: good condition-$13.00, mint condition-$155.00