Hi Carmen, and welcome to JA!
In "good" condition, an 1898 Indian Head cent is worth somewhere between $2 and $4.
http://www.us-coin-values-advisor.com/indian-head-cent-1892-1903.html (says $2)
http://www.pcgs.com/prices/frame.chtml?type=date&filename=flying_eagle_indian_cent (says $4)
http://coins.ha.com/features/vcc.php?id=00.01_14&s=o (says about $3)
If you found this helpful, please press "Accept". If you need more information, just let me know.
Well, if the condition was better than "good", it would be worth more. For instance, if it was shiny and looked like a new penny, it would be worth more than $50. If you had protected it from even the most minor scratches, and it was still shiny and new looking, it could be worth as much as $10,000!
The thing you have to realize, is that going from $0.01 to $4.00 in 109 years is like an investment that pays about 5% per year, every year since then. That's a very good investment over 109 years.
Let me know if you need more information.