Catalog
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| Issuer | Paraguay |
|---|---|
| Year | 1868 |
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| Composition | Silver (.666) |
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| Reverse lettering | VALE OCHO REALES LEI OCHO DINEROS R. ✶ BOGOTA ✶ S. (Translation: Worth Eight Reales, Standard Eight Dineros) |
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| Mintage | 1868 (1839 RS) - Counterstamped year: 1868 |
| Additional information |
Paraguay's post-war monetary situation in 1868 was catastrophic. The War of the Triple Alliance had gutted the country's economy and left virtually no domestic coinage in circulation. Rather than strike new coins — an industrial capacity Paraguay no longer possessed — the government applied countermarks to foreign silver already present in the country, legitimizing it as national currency by decree. Nueva Granada 8 reales of the 1837–1847 period were among the foreign coins swept into this program.
The host coin here, struck in Bogotá in 1839, predates Colombian monetary unification by decades.