The 1935 Silver Certificate is a rare and valuable currency note from the United States. It may be worth a few hundred dollars to as much as $10,000 if it's in perfect condition. Find out what it's worth today!
Silver certificates began circulating as early as 1878, thanks to the Fourth Coinage Act of 1873. They were introduced in an attempt to remove bimetal silver bullion from circulation. Introduced in 1878, silver certificates were meant to be the gold standard that would ultimately put an end to the bimetal currencies.
Given their age and historical importance, silver certificates are highly sought after by collectors. Even though they are pretty rare these days, the 1878 dollar bill silver certificate would often be redeemed for its face value. However, some may fetch higher, especially if they are in top condition and if they are uncirculated.
But how much is an 1878 silver certificate worth? Find answers to this and a couple of other related questions in this post.
What is a 1935 Silver Certificate?
The 1935 Silver Certificate was a type of paper money that was issued between 1928 and 1964 in the United States. There were two main types of the original 1935 Silver Certificates:
- The “regular issue” silver certificate: This series of certificates were circulated and used throughout the US.
- The “Hawaii overprint” silver certificate series: As the name suggests, these category of notes were printed, circulated, and used in only in the US state of Hawaii.
Features Of the 1935 Silver Certificate
The 1935 Silver Certificates had some defining features. Among these included the “All Seeing Eye” that was located above a pyramid on the left. Another outstanding feature was the Great Seal which was located on the right side bill. It is also worth noting that the 1935 silver certificate also had the portrait of Washington.
Many 1935 Silver Certificates were taken out of circulation during the 1950s and 1960s, thanks to the US Treasury’s efforts of redeeming and replacing them with the silver bill. Today, all the remaining 1935 Silver Certificates are considered collectible, for as long as there are in a good condition. Moreover, they are rare and also pack a rich American history.
What is the Value of a 1935 Silver Certificate?
The current market value of a 1935 silver certificate depends on a number of factors. Common determinant factors for the worth of their value include:
- Year of issue
- Current condition
Moreover, collectors also attach a number of other subtle factors to the value of a given 1935 silver certificate. Some of these include:
- Printing errors
- Fancy or unique serial numbers
- Other distinguishing marks are valuable.
All these aspects considered give the 1935 certificate an approximate current market value of between $3 and $300. Some very rare and unique certificates can fetch up to $1000 in value. Similarly, some 1935 silver certificates can fetch very little in market value. In fact, some are said to only fetch as much as their face value, maybe a little more or maybe less.
Here is the value chart of the 1935 Washington $1 Silver Certificate.
Simply put, the uncirculated 1935 silver certificates tend to fetch more when compared to those that were circulated for a while before being redeemed of removed from circulation, for whatever reasons. Some uncirculated bills can go for as much as $15,000.
Common Errors in the 1935 Dollar Bill
Like mentioned earlier, the value of a 1935 silver certificate is determined by, among other factors, errors on the bill. Here are some common errors found on some of these bills.
1. Fancy serial numbers
Some of these old notes had rare and unique serial numbers. In that category of notes also included those with radar as well as those with low serial numbers. Such bills are extremely valuable and can fetch up to $7000 in current market prices. For instance, an MS-64 grade 1935 $1 silver certificate with a low serial of 00000001 can fetch upwards of $6900 in current market value.
2. Printing errors
Other than fancy serial numbers, printing errors including ramification errors and misprints can significantly improve the worth of a 1935 Silver Certificate. It’s worth noting that while some of these errors are very easy to spot, some are extremely hidden and secret. Be that as it may, these printing errors improve the worth of your 1935 silver certificate.
Common examples of such printing errors include certificates with an inverted M instead of W at the beginning of the serial number. Similarly, some of these old bills may spot an additional overprint or maybe a BEP rejection mark. Moreover, some have been found to have a characteristic blue treasury seal.
Whichever the type of printing error, one thing is for sure. Notes with such rare and unique errors tend to fetch far higher price tags in market value. For instance, some have sold for up to $10,000 in current market value.
Here is a quick summary table of the estimated market value of rare 1935 $1 Silver Certificates with printing errors or fancy serial numbers.
|Type of 1935 Washington $1 Silver Certificate||Unique errors||Price ($)|
|1935 Washington $1 Silver Certificate||PCGS 67 PPQ Star Note||3,000|
|1935 Washington $1 Silver Certificate||Crisp Uncirculated Pack of 100 Notes||4,025|
|1935 Washington $1 Silver Certificate||PCGS 64 Additional Overprint and BEP Rejection Mark||8,225|
|1935 Washington $1 Silver Certificate||PMG 58 PPQ Obstructed Overprint and BEP Rejection Mark with Sticker||470|
|1935 D Washington $1 Narrow Silver Certificate||PMG 50 Misalignment Error||470|
|1935 E Washington $1 Silver Certificate||PMG 63 EPQ Incorrect Serial Number Cancelled||5520|
|1935-F Washington $1 Silver Certificate||PMG 15 Inverted “M” in Prefix||705|
|1935-A Washington $1 Silver Certificate||PMG 40 Fancy Serial Number (All 9s)||3360|
|1935-B Washington $1 Silver Certificate||Crisp Uncirculated Fancy Serial Number (100 Consecutive Low)||4500|
|1935 Washington $1 Silver Certificate||PCGS 64 PPQ Low Serial Number (01)
Types of Special 1935-A $1 Silver Certificates and their worth?
There were different types of special 1935 A $1 silver certificates in circulation. It’s worth mentioning that these notes came in different colors depending on their mint location and target location of use. The colors included:
- Blue: silver certificates with this color seal were used for regular day to day transactions in the US.
- Brown: Notes with the brown color seal were minted and used in Hawaii only.
- Yellow: Silver certificates with a yellow seal were minted in the US but were circulated for use in North Africa during World War II.
Here are additional details on the different types of special 1935 A $1 silver certificate.
1. 1935-A Washington $1 Hawaiian notes
The 1935-A Washington $1 Silver Certificate with the “HAWAII” overprint was issued for use in Hawaii. Worth mentioning is that they has a signature brown seal and serial numbers. They has a unique HAWAII overprint which was for easy identification as non-usable currencies in continental United States. Moreover, the Hawaii overprint also prevented the silver certificates from falling in enemy hands.
These notes were circulated for a brief period only. Today, they are very valuable and are considered among the most sought after by collectors.
In terms of their worth, a circulated 1935-A Washington $1 Hawaiian note can fetch up to $15. On the other hand, uncirculated 1935 A Washington $1 Hawaiian notes have a market price in the range of $100 – $2000.
2. 1935-A North Africa Silver Certificate
These notes were issued during the allied inversion in the Second World War. Among other features, the 1935-A North Africa Silver Certificate features the signature of Julian-Morgenthau and a yellow seal with a blue serial number. Since only a few of them were ever printed and circulated, these notes are very rare and more valuable to collectors. Currently, it can fetch up to $25 in circulated and $150 in its uncirculated form.
Star notes are more valuable; with current market value ranging between $150 and $1000. Similarly, graded 1935-A Washington Silver Certificates for North Africa can go for $285 in uncirculated form with an MS-63 grade. The rarity of 1935 $1 North African Silver Certificate makes it a valuable gem for collectors.
3. 1935-A Washington $1 “R” and “S” Notes
The 1935-A Washington $1 “R” and “S” Notes belonged to a new category of new and refined banknotes issued by the United States government in the 1930s. The notes were more durable and had the “R” and “S” signatures. Those with an “S” marked on their obverse face were categorized as special notes, while those marked the letter “R” on their obverse face were classified as regular notes.
The notes are quite rare and considered a collector's gem. Currently, a set of two notes marked with letters “R” and “S” are worth $458 when in good condition. The R and S notes are estimated at a current market value of $40 and $250 in circulated and uncirculated conditions respectively. And since only a total of only 12,000-star notes were ever printed, they are extremely rare and worth as much as $15000.
The total worth of a 1935 Silver Certificates varies depending on a number of factors. While some types can fetch as little as $1, some may sell for up to $15000. In case you aren’t sure of the type and worth of a 1935 Silver Certificate in your collection, consider having it appraised by multiple collectors to help you get the best price. With that being said, we wrap up this post. Hope you found it very insightful and informative.