1934 silver certificate
A one-year type on the $1 and the start of the small-size run on the $5 and $10. Scarcer than the 1935 and 1953 series that surround it.
What it is worth
The short answer for the note most people have: a circulated example is worth a few dollars. Condition is what separates that from the figures at the other end of the table.
| Denomination | Circulated | Uncirculated |
|---|---|---|
| $1 | $10 – $25 | $50 – $150 |
| $5 | $9 – $20 | $40 – $130 |
| $10 | $18 – $45 | $90 – $275 |
Where these numbers come from
Unlike the serial number odds and star note print runs elsewhere on this site, these figures are not computed and do not come from a government production report — no such dataset exists for silver certificate prices. They reflect commonly observed dealer and auction ranges, they are wide on purpose, and a real price for your note comes from completed sales of the same series in the same grade.
How to be sure that is what you have
- Blue seal and blue serials.
- Series 1934 on the face, with or without a letter suffix on the $5 and $10.
- The $1 1934 has a distinctive large blue "1" to the left of the portrait.
Why it is priced the way it is
The $1 was printed for a single series before the design moved on, which makes it the least common of the small-size $1 silver certificates you are likely to encounter. The $5 and $10 ran longer. None of them are rare, but all three are worth more than the 1957 that people usually have.
Check the serial number before you conclude anything
A collector pattern in the eight digits adds a premium on top of whatever the note is worth as a 1934 silver certificate, and it is the one factor nobody checks. A solid, a ladder, a radar or a serial under 100 can be worth more than the note itself.
Silver certificates are not Federal Reserve Notes, so the letter before the serial is a block letter rather than a Federal Reserve district. Our checker tests the eight digits for collector patterns, which applies here exactly as it does to any other note — but ignore the district and series decoding it reports for a silver certificate, because that is Federal Reserve Note logic.
Check a serial for collector patterns — it tests all 34 at once and shows the computed odds for each.
Replacement notes
Star notes from this period are considerably scarcer than the 1950s issues and command a substantial premium, especially uncirculated.
Questions
How much is a 1934 silver certificate worth?
In circulated condition, a $1 runs $10 – $25, and a $5 runs $9 – $20, and a $10 runs $18 – $45. Uncirculated examples are worth considerably more. Condition drives the answer more than anything else, and the ranges are wide because the market for these is set by completed sales rather than a price list.
Is a 1934 silver certificate rare?
No. This series was printed in very large numbers and saved in very large numbers. It is worth more than face value because it is a silver certificate, not because it is scarce.
Can I still redeem a silver certificate for silver?
No. Redemption for silver ended in June 1968. A silver certificate is still legal tender at face value, which is why a worn common one is worth a little over face rather than nothing — but the silver promise printed on it is no longer honoured.
Does the serial number affect the value?
It can, and it is the one thing most people never check. A collector pattern in the eight digits — a solid, a ladder, a radar, a very low number — adds a premium on top of whatever the note is worth as a silver certificate. The patterns and their odds are the same as on any other US note.
Selling one? Where to sell rare currency covers the options and what each costs you.