Catalog
1 Real Tesoro Nacional
| Issuer | Tesoro Nacional de Paraguay |
|---|---|
| Year | 1865 |
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| Value | Log in to see details |
| Currency | Peso (1856-1944) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | REPUBLICA DEL PARAGUAY UN REAL. El Tesoro Nacional pagará al portador la cantidad de UN REAL valor recebido. FLORENCIO ALFARO La ley perseguirá á los falsificadores. UN REAL. (Translation: Republic of Paraguay One Real. The National Treasury pay to bearer the amount of One Real amount received. The law prosecute counterfeiters and their accomplices. One Real.) |
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| Protection description | No watermark. |
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| Comments |
Issued during the War of the Triple Alliance (1864–1870), Paraguay's most catastrophic conflict, this note was produced by a state under siege with virtually no access to foreign printing resources. The Tesoro Nacional was forced to print domestically in Asunción — a necessity, not a choice, as Brazilian naval blockades had severed normal supply lines. Local production meant crude results: uneven inking, rough paper, and inconsistencies between individual notes are characteristic of the series rather than damage to specific examples.
The watermark is notable given the circumstances — maintaining even rudimentary security features while the country was being systematically destroyed suggests the treasury was still attempting to project institutional legitimacy to a shrinking population.