Paraguay's monetary system was effectively rebuilt from scratch in the 1880s and 1890s following the catastrophic War of the Triple Alliance, which killed an estimated 60–70% of the country's male population and left the economy in ruins. These small copper-nickel pieces were among the first stable fractional coins issued under the reformed currency framework established by the Banco del Paraguay y Río de la Plata.
Struck at the Hamburg mint, a common contracting choice for South American states lacking domestic minting infrastructure at the turn of the century.
Paraguay's monetary system was effectively rebuilt from scratch in the 1880s and 1890s following the catastrophic War of the Triple Alliance, which killed an estimated 60–70% of the country's male population and left the economy in ruins. These small copper-nickel pieces were among the first stable fractional coins issued under the reformed currency framework established by the Banco del Paraguay y Río de la Plata.
Struck at the Hamburg mint, a common contracting choice for South American states lacking domestic minting infrastructure at the turn of the century.