Here are approximate values based on the Sheldon coin grading scale:
Good (G): $20 - $30
Very Good (VG): $40 - $60
Fine (F): $70 - $90
Very Fine (VF): $100 - $150
Extremely Fine (EF): $200 - $300
Uncirculated (UNC): $350 - $1000+ (depending on the specific grade and rarity)
1865 is the first year of the Indian Head penny, also known as the "Indian Cent." These pennies were produced from 1859 to 1909 and feature the profile of a Native American on the obverse side and a wreath on the reverse.
The scarcity and condition of the coin significantly impact its value, with well-preserved and higher-graded examples commanding higher prices.