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10 Centavos Caja de Conversión

Issuer Caja de Conversión de Paraguay
Year 1874
Type Standard circulation banknote
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Obverse description Printed in black letterpress on plain paper, the note presents a text-only layout with the full legal authorization inscribed in the center, referencing both the Law of January 9, 1874 and the Decree of March 4, 1874. An order number appears in red, and some examples bear a blue oval seal of the Ministry of Finance and General Treasury. The note is hand-cut, giving each example slightly irregular borders.
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Reverse description Reverse is blank on most examples; some bear a blue oval stamp of the Ministry of Finance and General Treasury applied by hand, which varies in placement and ink intensity between individual notes.
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Comments

Paraguay's Caja de Conversión was established in the wake of the catastrophic War of the Triple Alliance, which had ended in 1870 leaving the country demographically gutted and economically hollowed out. This 10 Centavos note belongs to the earliest postwar attempt to build a functional monetary infrastructure from scratch — a country that had lost an estimated half or more of its prewar population had precious little commerce to back any currency it chose to emit.

Documentation on the specific printer and production details for this series remains sparse in the literature. Pick lists it without confirmed printer attribution, and surviving examples are genuinely uncommon given how thin circulation and banking infrastructure were in 1874 Paraguay.