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5 Guaranies Overprint on P#154
| Issuer | Banco de la República del Paraguay |
|---|---|
| Year | 1943 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | Republica del Paraguay LA NACION RECONOCE ESTE BILLETE POR 500 Quinientos Pesos FUERTES 5 CINCO GUARANIES 5 QUE PAGARA CONFORME A LA LEY Nº 463 DE 30 DE DECIEMBRE DE 1920 Y LEI Nº 550 DE 25 DE OCTUBRE DE 1923. POR LA OFICINA DE CAMBIOS (Translation: Republic of Paraguay The Nation Recognizes this Banknote by Five Hundred Pesos Fuertes Five Guaranis that you will pay in accordance with Law no. 463 of December 30, 1920 and Law no. 550 of October 25, 1923 for the Exchange Office) |
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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.