I'm curious what the value range is. Coin is in fair condition - edges are worn - picture and text on both sides are legible. Thanks.

I see on the following site where one in good condition is listed as being for sale at $8.50. Cache La Poudre Coins & Collectables (http://clpcoins.com/osc/index.php?cPath=39&osCsid=4b692195897b395a227ae0de1de63c59)

Flying Blue Eagle is a person on this site who has the current documentation about such things. I'm sure that he will eventually be along to address your post and be able to give you a price range.

Loribee - Here is the quates you wanted for your 1860 US penny ; This is the penny that was called "the indian head penny, It w3as first issdued in 1859,It took the place of the FLYING EAGLE CENT. The coin was first designed with not a actual indian it was designed after miss liberty threw early 1860 where it become really known as a indian now on the 1859 coins and early 1860 coins is the VARIETY 1,the easy way to tell which is wich is to look at the bust, on the early1859 and 1860 the bust is a pointed bust and on the coins minted late1860 to1864 have a rounded bust.
POINTED BUST
G-4 VG-8 F-12 VF-20 EF-40
$ 18.00 $ 20.00 $ 25.00 $ 40.00 $ 85.00
AU-50
$ 90.00
ROUNDED BUST
G-4 VG-8 F-12 VF-20 EF-40 AU-50
$ 13.00 $ 16.00 $ 20.00 $ 25.00 $ 55.00 $ 150.00

LORIE - I hope this helps you out, Study the conditions of coins that is required for each grade that CLOUGH gave you above, These Quates on values is from the 2008 RED BOOK ON COIN VALUES :: HAVE A GOOD DAY AND GOD BLESS : F.B.E.