Paraguay 1907 - Banco de la República 5 Pesos Issued Note (Pick 156)
The design is one of Waterlow & Sons’ most attractive small-denomination Paraguayan productions. The face features a central allegorical female portrait beneath the large Banco de la República title, flanked by ornate 5 Pesos denomination panels and framed by dense black intaglio ornament. Pale blue underprinting spreads across the lower half of the note, giving depth to the security design and separating the red serial number from the engraved black border. The Serie A designation, formal promise-to-pay wording, and engraved signatures reinforce the institutional character of the original issue. Read more →
ParaguayIssued Note19075 PesosPMG 65 EPQ Gem Uncirculated Issued Note5 PesosPick 156Banco de la RepúblicaBase TypeNon-Overprinted IssueOriginal IssueSeries ARed Serial NumberWaterlow & SonsWaterlow & Sons London5 WatermarkWatermark 5Allegorical PortraitFemale PortraitGuilloché Security DesignIntaglio PrintingBlue UnderprintBrown ReverseNational EmblemLarge Denomination PanelsMoneda NacionalCincuenta Centavos Oro SelladoGold-Value ClauseHalf Peso OroBase for 1912 State OverprintBase for Pick 127Base for Dual-Side Treasury RevalidationParaguayan Monetary HistorySouth American Monetary HistoryEarly 20th Century FinancePre-1912 Emergency IssueReference TypeCurrency Reform ContextHistoryParaguayRepublic of Paraguay19071912PMG 65 EPQGem UncirculatedExceptional Paper QualityMuseum GradeR7 Extremely Rare
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