1 Guaraní Steam Locomotive Encarnación

正面描述	The national coat of arms of Paraguay is centrally displayed, featuring the distinctive double-faced design unique among world coinage. The legend REPUBLICA DEL PARAGUAY arcs along the upper periphery, while the date 2020 appears in the lower exergue. Surrounding the central arms is a decorative border incorporating the coats of arms of the participating nations of the 12th Ibero-American Series, rendered in fine detail. The overall composition reflects the collaborative numismatic tradition of the Ibero-American coin program.
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附加信息	Paraguay's rail history is a melancholy one. The country once operated the oldest railway in South America, with British-built steam locomotives running between Asunción and Encarnación — a line completed in 1861 and largely intact until the government finally shut it down in 1999 after decades of losses. The Encarnación terminus gave the line its southern anchor across the Río Paraná from Argentina. This coin honors that specific connection. KM#227 is part of a broader Paraguayan commemorative silver program issued through the state mint with relatively modest distribution, primarily absorbed by the European collector market through licensed distributors.

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