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20 Francs 2nd series, type 3
| Issuer | Swiss National Bank |
|---|---|
| Year | 1923-1929 |
| Type | Log in to see details |
| Value | 20 Francs (20 CHF) |
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| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 20 SCHWEIZERISCHE NATIONALBANK BANCA NAZIONALE SVIZZERA BANQUE NATIONALE SUISSE ZWANZIG FRANKEN VINGT FRANCS VENTI FRANCHI GESETZGEBUNG ÜBER DIE SCHWEIZERISCHE NATIONALBANK BERN UND ZÜRICH, 18. APRIL 1929. Der Präsident des Bankrates: Der Hauptkassier: Ein Mitglied des Direktoriums: 20 S.BALZER ART INSTITUT ORELL FÜSSLI, ZÜRICH |
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| Variants | P#33a(1) - 01.05.1923 signatures: Usteri / Bachmann / Bornhauser P#33a(2) - 01.05.1923 signatures: Usteri / Schnyder / Bornhauser P#33a(3) - 01.05.1923 signatures: Usteri / Burckhardt / Bornhauser P#33b(1) - 01.07.1926 signatures: Usteri / Bachmann / Bornhauser P#33b(2) - 01.07.1926 signatures: Usteri / Schnyder / Bornhauser P#33b(3) - 01.07.1926 signatures: Usteri / Weber / Bornhauser P#33c(1) - 21.10.1926 signatures: Usteri / Bachmann / Bornhauser P#33c(2) - 21.10.1926 signatures: Usteri / Schnyder / Bornhauser P#33c(3) - 21.10.1926 signatures: Usteri / Weber / Bornhauser P#33d(1) - 24.03.1927 signatures: Sarasin / Bachmann / Bornhauser P#33d(2) - 24.03.1927 signatures: Sarasin / Schnyder / Bornhauser P#33d(3) - 24.03.1927 signatures: Sarasin / Weber / Bornhauser P#33e(1) - 29.09.1927 signatures: Sarasin / Bachmann / Bornhauser P#33e(2) - 29.09.1927 signatures: Sarasin / Schnyder / Bornhauser P#33e(3) - 29.09.1927 signatures: Sarasin / Weber / Bornhauser P#33f(1) - 01.11.1928 signatures: Sarasin / Bachmann / Bornhauser P#33f(2) - 01.11.1928 signatures: Sarasin / Schnyder / Bornhauser P#33f(3) - 01.11.1928 signatures: Sarasin / Weber / Bornhauser P#33g(1) - 19.02.1929 signatures: Sarasin / Bachmann / Bornhauser P#33g(2) - 19.02.1929 signatures: Sarasin / Schnyder / Bornhauser P#33g(3) - 19.02.1929 signatures: Sarasin / Weber / Bornhauser P#33h(1) - 18.04.1929 signatures: Sarasin / Bachmann / Bornhauser P#33h(2) - 18.04.1929 signatures: Sarasin / Schnyder / Bornhauser P#33h(3) - 18.04.1929 signatures: Sarasin / Weber / Bornhauser |
| Comments |
The Swiss National Bank's early note issues required three signatures — one from the Bank Council presidency, one from the Directorate, and one from the local board — a tripartite structure reflecting the SNB's decentralized founding compromise between Zurich and Bern factions. The sheer number of signature combinations on this type is a direct consequence: as personnel rotated across those three seats between 1923 and 1929, each new combination produced a catalogued variant, making signature collecting a discipline unto itself for this series.
Orell Füssli had been printing securities and maps since the sixteenth century, and the SNB relied on them exclusively for early note production. The series was demonetized well before World War II, and surviving examples — particularly the later 1929-dated issues — are considerably scarcer than their earlier counterparts.