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4500 Guaraníes Munich Olympics - Soccer
| Issuer | Paraguay |
|---|---|
| Year | 1972 |
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| Shape | Round |
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| Obverse description | The Paraguayan national arms (Sello de Hacienda) are displayed at center, featuring a seated lion guardant beneath a liberty cap on a pole, all within a wreath composed of palm frond to the left and olive branch to the right, tied at the base with a ribbon. The motto PAZ Y JUSTICIA appears on a scroll above the lion within the wreath. The circular legend REPUBLICA DEL PARAGUAY runs along the upper periphery, flanked by a beaded border. The date 1972 is divided at either side of the lower shield, and the denomination 4500 GUARANIES is inscribed in the exergue below, with the fineness mark '900' incused beneath it. |
|---|---|
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| Obverse lettering | REPUBLICA DEL PARAGUAY PAZ Y JUSTICIA 19 72 4500 GUARANIES (Translation: Republic of Paraguay Peace and Justice 19 72 4500 Guaranies) |
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| Additional information |
Paraguay's 1972 Munich Olympic series was issued well before the Games opened — and well before the September massacre that killed eleven Israeli athletes and coaches redefined how the world remembered those Olympics. The coins were a hard currency revenue play, sold primarily to foreign collectors through state channels rather than circulated domestically, a common practice among smaller nations leveraging the Olympic licensing boom of the early 1970s.
At 31.90 grams of .900 gold, the metal content alone was significant for a country whose annual per capita income at the time hovered below $300.