5 Centavos

Paraguay's coinage in this period was contracted out almost entirely to European mints, and this issue was struck by the Héaton Mint in Birmingham — the same private facility responsible for a substantial portion of Latin American subsidiary coinage during the late nineteenth and early twentieth centuries. The young republic had limited domestic minting infrastructure, having only recently begun to stabilize financially following the catastrophic War of the Triple Alliance, which ended in 1870 and killed an estimated sixty percent of Paraguay's population.

The KM#9 type ran from 1900 through 1908, making this a final-year strike.