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3 Pesos Red stamp "TERCERA SÉRIE"

Issuer Tesoro Nacional del Paraguay
Year 1868
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Reference(s) P#31
Obverse description Black letterpress on plain paper, overprinted on P#27, with the national coat of arms vignette at upper centre and a ship vignette at upper left. A circular red handstamp reading "TERCERA SÉRIE" is applied to the face. Denomination numerals flank the design on both sides.
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Reverse description Reverse is unprinted, leaving the plain paper surface entirely blank; show-through of the obverse letterpress impression is visible under raking light.
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Comments

Paraguay's wartime treasury notes from this period were produced entirely within the besieged country during the War of the Triple Alliance — a conflict that had, by 1868, reduced the national population to a fraction of its prewar size and left Asunción increasingly isolated. The state print operation functioned under extreme material scarcity, which shows in the crude typography and inconsistent inking common across the series.

The red "TERCERA SÉRIE" overprint distinguishes this emission from earlier issues as the government attempted to track successive print runs without access to new plate designs. Francisco Solano López's administration continued issuing paper currency almost until the final months of the war, despite its negligible acceptance outside forced circulation.

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