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1000 Guaraníes Summer Olympics - Rio de Janeiro 2016

Issuer Paraguay
Year 2015
Type Non-circulating coin
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Obverse description Central device displays one of the two national coats of arms of Paraguay (Sello Nacional) in the field. The legend REPUBLICA DEL PARAGUAY arcs along the upper periphery, with the denomination 1000 GUARANIES and the year of issue 2015 inscribed below the central device.
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Obverse lettering REPUBLICA DEL PARAGUAY 1000 GUARANIES-2015
(Translation: Republic of Paraguay 1000 Guarani-2015)
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Additional information

Paraguay has no Olympic tradition to speak of — the country had never won a gold medal at the time of issue, and its athletes rarely advance past early rounds. The coin exists because the 2016 Rio Games generated an enormous licensed commemorative market across Latin America, with mints and government treasuries from Montevideo to Asunción producing gold issues that had more to do with seigniorage than national pride.

KM#219 is a low-mintage piece largely because demand was modest from the start.

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