Paraguay 1907 - 100 Pesos with 1912 State Overprint (Pick 134, Base Pick 159)
The 1912 overprint was not a decorative or routine bank marking. It was an emergency act of monetary authority. Paraguay entered 1912 under severe political and fiscal pressure, with civil unrest, weakened banking confidence, and a shortage of reliable circulating paper. Rather than waiting for an entirely new currency series to be prepared, the government turned to existing Banco de la República stocks and converted them into state-recognized obligations by means of a direct overprint. The oval “Emisión del Estado” stamp announced that the note was no longer merely an earlier bank issue, but had been accepted into the emergency monetary structure of the state. Read more →
ParaguayOverprint Issue1907100 PesosPMG 65 EPQ Gem Uncirculated (Top Pop) Overprint Issue100 PesosPick 134Pick 159Base Pick 159State OverprintSingle-Side OverprintFace OverprintProvisionalEmergency State IssueFiscal RevalidationGovernment RevalidationWaterlow & SonsBanco de la RepúblicaEmisión del EstadoLey de 11 de Enero de 1912Moneda NacionalDiez Pesos Oro SelladoGold-Value ClauseSeries ARed Serial NumberBlack Oval OverprintArchitectural VignetteGuilloché Security DesignParaguayan Emergency Issues1912 ReformParaguayan Civil War PeriodSouth American Monetary HistoryEarly 20th Century FinanceEmergency CurrencyOverprint VarietiesState LiabilityCurrency RevalidationParaguayRepublic of Paraguay19071912PMG 65 EPQGem UncirculatedTop PopMuseum GradeR7 Extremely RareHistory
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