Switzerland
Circulation Coins
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The Swiss Confederation was established in 1848. Early coinage was minted abroad in Strasbourg and Paris. Domestic minting began in 1853, supplemented by the interchangeability of French coinage.
100 Francs
(Vreneli)
20 Francs
(Libertas)
20 Francs
(Vreneli - Circulation)
20 Francs
(Vreneli - Bullion)
Circulation Edge
Bullion Edge
Gold was effectively demonetized by the devaluation of 1936. The 1935 20 francs with “L” (for bullion) left of the year are restrikes from 1945-1947. The variety from 1945-1947 is distinguished by “AD | LEGEM ANNI | MCMXXXI” (According to law 1931) on the edge, rather than the stars on the edges of the originals.
The vast majority (40 million of about 60 million) are bullion restrikes dated 1935 or 1945-1947.
