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100 Pesos Overprinted on P#159
| Issuer | Banco de la República del Paraguay |
|---|---|
| Year | 1912 |
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| Currency | Log in to see details |
| Composition | Paper |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | REPÚBLICA DEL PARAGUAY EL BANCO DE LA REPÚBLICA Pagará al portador y á la vista CIEN PESOS MONEDA NACIONAL CONFORME A LA LEY DE 26 DE DICIEMBRE DE 1907. EMISSIÓN DEL ESTADO LEY 11 DE ENERO DE 1912 (Translation: Republic of Paraguay The Bank of the Republic will pay to the bearer and at sight One Hundred Pesos National Currency Accordingly to law from December 26th., 1907. State Issue - Law of January 11th., 1912) |
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| Reverse lettering | REPÚBLICA DEL PARAGUAY 100 PESOS 100 PESOS CIEN (Translation: Republic of Paraguay 100 Pesos 100 Pesos One Hundred) |
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| Comments |
Paraguay's monetary administration in the early twentieth century was chronically underfunded, and overprinting existing stock was a practical expedient the republic returned to repeatedly rather than commissioning entirely new issues. This note takes a printed sheet from the P#159 series and applies a new denomination overprint — a straightforward revaluation measure tied to the currency instability that followed Paraguay's prolonged recovery from the War of the Triple Alliance and subsequent civil conflicts.
Waterlow & Sons handled the base printing in London, as they did for much of South American government paper in this period. The overprint application, however, introduces the main point of collector interest: registration quality and ink consistency vary enough across surviving examples that specialists treat clean, well-struck overprints as meaningfully scarcer than the raw survival numbers suggest.