What is the value of a 1889 penny?

Assuming the coin is circulated, the 1889 Indian Head cent is a common date coin. For an accurate assessment of value the coin needs to be seen and graded. Most coins show a lot of wear. In general retail values for low grade coins are $1.00-$3.00, better grade are $7.00-$10.00 and coins showing almost no wear run from $24.00-$31.00. Values are a market average and only for coins in collectible condition, coins that are bent, corroded, scratched or have been cleaned have far less value if any to a collector or dealer