Value: Your garden variety 1935 (with any series letter) $1 silver certificate is worth about $1.50.
How much is a 1935 a $1 silver certificate worth? By 1964, the value of the silver in silver dollars exceeded one dollar, which prompted the Treasury to stop redeeming silver certificates in silver dollars and to stop issuing new silver certificates. When a certificate was redeemed, it was destroyed since it was no longer backed by any silver. The other years typically sell for around $15 in circulated condition. Beginning in 1934 Congress authorized the Treasury to redeem silver certificates in either silver dollars or silver bullion. The ten dollar bill is the only other small size denomination printed as a silver certificate. In fact, according to the experts, a redesigned $100 bill with the serial number 00000001 could fetch between $10,000 and $15,000, though typically low serial number bills, say with numbers 00000002 or 00000005 are worth a little less, realizing up to $1,000. If you have a bill that has a rare or fancy serial number, that alone can increase the value of a bill tenfold. Earlier issued silver certificates can be worth much more. Not many people know this but the serial number of a bill has a chance to impact the value of a Silver Certificate.
Meanwhile, uncirculated silver certificates can be worth between $2 and $4 apiece. These silver certificates are typically worth a small premium over face value, with circulated certificates typically selling for $1.25 to $1.50 each.