Most 1935 $1 silver certificates are worth anywhere from $1.50 to $3.00, but to have a more specific value you need to know whether it has a series letter. That's a tiny letter that appears next to the date. It could be blank, or A through H.
Most bills do NOT have the motto In God We Trust on the back, but some G-series and all H-series bills DO have the motto which also affects the value. Finally, the bill may be overprinted with the Words Hawaii or North Africa due to use as military currency during WW2, which further affects its value. (Yeah, it gets complicated)
Approximate retail prices as of 03/2015:
No letter - $4-$7 circulated / $18 uncirculated.
A - $2-$3 / $18
A Hawaii - $10-$40 / $135
A North Africa - $10-$20 / $200
B - $2.25-$3 / $13
C, D - $2.25-$3 / $13
E, F, H - $1.50 / $7
G without In God We Trust on the back - $2.25-$3 / $7
G with In God We Trust - $4-$6 / $18
FAQ's
Blue Ink
Silver certificates printed from 1928 to 1957 typically had blue seals and serial numbers. Other colors were used on some very old bills and on bills printed for use in threatened regions during WWII.
In God We Trust
The motto wasn't added to the bills until the middle of the G series (see above) so an older bill without it is normal and not an error
Serial numbers
When posting questions about currency it's not necessary to copy out serial numbers or plate numbers. These items rarely affect a bill's value or help to ID it.
"Paper silver dollar", etc
These bills were used for nearly a hundred years but never had any nicknames. They were always just called silver certificates.
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