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500 Francs 4th series, reserve banknote

Issuer Swiss National Bank
Year 1949
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Engraver(s) Hohmann
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Obverse description Red-brown intaglio note with an intricate guilloche underprint in the central field. A finely engraved oval portrait vignette of a young woman's head and shoulders occupies the right side, set within an ornate cartouche. The left panel carries an elaborate geometric guilloche medallion incorporating the Swiss cross, with the trilingual bank title, denomination in three languages, date, and signature lines for the President of the Bank Council, the Chief Cashier, and a member of the Directorate arranged across the centre.
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Reverse lettering 500 500 SCHWEIZERISCHE NATIONALBANK BANCA NAZIONALE SVIZZERA BANCA NAZIONALE SVIZZERA BANQUE NATIONALE SUISSE 500 500 ART. INSTITUT ORELL FÜSSLI AG ZÜRICH
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Hans Erni was an unconventional choice for Swiss banknote design — a politically leftist artist best known for large-scale murals and Olympic posters, not the conservative allegories typical of central bank commissions. His involvement in this fourth series reflects a deliberate postwar push by the SNB toward modernist Swiss graphic identity, though the series itself was held in reserve rather than released into general circulation, functioning as a contingency issue against wartime disruption that had already passed.

Orell Füssli's continuous involvement in Swiss security printing stretches back centuries, and by 1949 the firm had refined intaglio production to a level that made their reserve stock essentially indistinguishable in tactile quality from circulating issues.

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