3000 Guaraníes Munich Olympics - Boxer

Paraguay's 1972 Munich Olympics commemorative series was issued a year after the Games concluded — a common delay for smaller mints contracting out production during the commemorative boom of the early 1970s. The Munich Games themselves were, of course, overshadowed by the massacre of eleven Israeli athletes and coaches by the Black September organization on September 5th, a political catastrophe that briefly halted competition before the IOC controversially decided to continue.

KM#51 is part of a multi-denomination gold series Paraguay issued across several Olympic themes. The .900 fine gold content aligns with the standard fineness Paraguay used across this commemorative program rather than the higher .999 purity that became more common in later decades.