There are three different reverse types for the 1916 copper Indian head penny.
* 1916
* 1916-D
* 1916-S
For all grades of the 1916 penny from Good-4 through Uncirculated-63, the 1916-S is the most expensive followed by the 1916 and then the 1916-D.
1916 Indian Head Penny Value By Grade Chart
| Grade/ Mintmark | Price |
|---|---|
| G-4 | $5 |
| VG-8 | $10 |
| F-12 | $12 |
| F-15 | $14 |
| VF-20 | $25 |
| VF-25 | $33 |
| EF-40 | $65 |
| EF-45 | $110 |
| AU-50 | $245 |
| AU-55 | $400 |
| AU-58 | $600 |
| MS-60 | $1,250 |
| MS-61 | $1,650 |
| MS-62 | $2,200 |
| MS-63 | $2,800 |
| MS-65 | $12,000 |