What is the value of a 1909 penny?

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