However, the certificates could no longer go through their objective by 1964 and were completely phased out. The primary purpose of issuing the certificates was to ensure that people could hold on to paper currency instead of silver bullion and could redeem for the value of silver. The Silver Certificates began to circulate as early as 1878 as a type of paper currency in the form of legal tenders issued by the U.S. This article outlines several cases where the silver certificates have fetched way more than their face value.īut before we discuss its value, let’s have a quick look at the brief history of Silver Certificates in the U.S. However, there are some exceptional cases where the value of 1935 $1 Silver Certificates can be worth more than $1,000. Such abundance makes it difficult to find rare gems. Since then, there have been billions of such certificates out there. The Silver Certificates mark a significant time for the U.S. If you have a 1935 $1 Silver Certificate, the chances of getting more value than its face value are not very high.
