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500 Pesos Fuertes Overprint on P#114
| Issuer | República del Paraguay (Government Issue) |
|---|---|
| Year | 1912 |
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| Printer | American Bank Note Company, New York, United States |
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| Obverse description | Black intaglio printing on lilac and yellow underprint, with an allegorical seated female figure as a vignette at left and a vignette of the ruins of Humaita at right. An oval overprint reading "Emisión del Estado" appears at center, alongside the denomination and legal authority text. The overall layout is characteristic of American Bank Note Company engraving conventions of the early twentieth century. |
|---|---|
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| Reverse description | Printed in blue-gray, the reverse is centered on a vignette of a bearded male portrait at center, with the Coat of Arms of the Republic of Paraguay set within a circular medallion at left, the country name inscribed around its border. The denomination numeral appears alongside the arms in a balanced guilloche-framed layout. |
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| Comments |
By 1912 Paraguay was still financially fragile in the aftermath of two devastating wars — the War of the Triple Alliance (1864–70) had wiped out the majority of the male population and left the economy in ruins for decades. This note is a recycled instrument: old American Bank Note Company stock from the earlier P#114 series, overprinted to create new denominations rather than commissioning fresh plates. That decision was fiscal pragmatism, not oversight.
ABNC overprint issues from this period are particularly prone to misattribution. The underlying plate design predates the overprint by years, which complicates accurate dating when the base printing and the overprint are treated as a single production event.