50 Centavos Banco del Estado

Issuer	Banco del Estado del Paraguay
Year	1894
Type	Standard circulation banknote
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Obverse description	Black print on orange guilloche underprint. The national Coat of Arms appears at upper center, flanked by the large numeral of value at left. Serial number printed in red; four signature varieties are known for this issue.
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Reverse description	Printed entirely in orange. The center is occupied by a large bold numeral '50' set within an ornate lozenge-shaped guilloche frame, with the legend 'REPÚBLICA del PARAGUAY' arching above and below respectively. Small numeral '50' vignettes appear in each corner, and elaborate foliate scrollwork borders the entire composition.
Reverse lettering	REPÚBLICA DEL PARAGUAY 50 CENTAVOS (Translation: Republic of Paraguay 50 Centavos)
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