Catalog
5 Guaranies Overprint on P#154
| Issuer | Banco de la República del Paraguay |
|---|---|
| Year | 1943 |
| Type | Log in to see details |
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| Reference(s) | P#175 |
| Obverse description | Dark-gray intaglio print on olive guilloche underprint. At left, an allegorical female figure accompanied by a cherub forms the principal vignette; at right, the ruins of Humaita are rendered in fine engraving. A red overprint reading 'CINCO GUARANIES' is applied at centre, revaluing the note from its original 500 Pesos Fuertes denomination. |
|---|---|
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| Protection description | No watermark. |
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| Comments |
Paraguay's postwar monetary reorganization moved faster than its print orders could keep pace. Rather than wait for newly denominated stock from the American Bank Note Company, authorities applied a 5 Guaranies overprint to existing P#154 Peso notes — a stopgap that bridged the old Peso system and the Guaraní, introduced in 1943 at a fixed rate of 100 Pesos to 1 Guaraní.
The overprint itself is the document's entire reason for existing. ABNC's underlying plate work was already competent and familiar; what matters here is the conversion stamp, its color, placement, and whether it was applied cleanly — misaligned or doubled overprints are known and carry collector interest disproportionate to the base note's value.