3000 Guaraníes Munich Olympics - Hurdler

Paraguay had no meaningful connection to the Munich Games — no Paraguayan athlete competed in track and field in 1972 — but the country issued an extensive series of Olympic gold coins that year, clearly aimed at the international collector market rather than domestic circulation. These were produced by foreign mints on contract and sold almost exclusively through philatelic and numismatic agencies. Virtually none entered everyday use.

The broader Munich series from Paraguay is catalogued across multiple KM references and denominations, all sharing the same opportunistic origin.