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Paraguay 1907 100 Pesos Banco de la República specimen with 1912 dual-side state and treasury fiscal revalidation overprint, including Emisión del Estado on the face and Departamento de Hacienda Junta Fiscalizadora Diez Pesos Oro Sellado validation on the reverse, base Pick 159, Pick Unlisted, PMG 64 Choice Uncirculated

Paraguay 1907 - 100 Pesos with 1912 Dual-Side State and Treasury Revalidation Overprint Specimen (Pick Unlisted)

This does not mean the overprint magically protected the note from all market inflation in ordinary daily commerce. Rather, it shows a far more precise administrative purpose. The face overprint asserted state liability by converting the dormant Banco de la República obligation into an emergency state-recognized issue. The reverse overprint added treasury verification, confirming that this specific note had passed through the Departamento de Hacienda and the Junta Fiscalizadora under the decree of 20 May 1912. In practical terms, the dual-side overprint created a stronger and more official instrument than the ordinary single-overprint examples: a note whose validity, origin, and fiscal authorization were visibly confirmed on both sides. Read more →

ParaguayOverprint Specimen1907100 PesosPMG 64 Choice Uncirculated Specimen100 PesosPick UnlistedPick 159OverprintState OverprintTreasury OverprintDual-Side OverprintDual-Signature OverprintProvisionalFiscal RevalidationTreasury RevalidationEmergency State IssueParaguayan Emergency Issues1912 ReformJanuary 11 1912 State EmissionMay 20 1912 DecreeBanco de la RepúblicaDepartamento de HaciendaJunta FiscalizadoraEmisión del EstadoDiez Pesos Oro SelladoGold-Value ReaffirmationWaterlow & SonsSouth American Monetary HistoryEarly 20th Century FinanceGovernment RevalidationOverprint VarietiesParaguay19071912PMG 64Choice UncirculatedMuseum GradeR9 Extremely RareUnique
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China 1915 South Sinkiang Border Defence Headquarters 1 tael textile emergency banknote printed on woven cloth with red overprint and bilingual inscriptions

China 1915 - South Sinkiang Border Defence Headquarters 1 Tael Textile Emergency Issue (Pick Unlisted)

This 1 tael textile banknote represents a formally authorized military emergency issue produced in 1915 by the South Sinkiang Border Defence Headquarters during a period of severe administrative and monetary fragmentation in western China. Issued within the southern frontier zone encompassing Khotan, Yarkand, and Karghalik, the note reflects a localized system of fiscal control exercised by military authorities operating with substantial autonomy from central government structures. Read more →

ChinaTextile Banknote19151 TaelFine (Textile Issue) Textile BanknoteTextile Emergency CurrencyCloth CurrencyMilitary Emergency Issue1 TaelWoodblock PrintingRed OverprintSouth Sinkiang Border Defence HeadquartersFrontier Military AdministrationRegional Monetary SystemUyghur-Chinese Bilingual IssueCentral Asian Frontier FinanceSecurity Printing HistoryChinaSinkiangSouth Sinkiang1915R9 Extremely RareUniqueMuseum GradePick Unlisted
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China 1924 Dihua Official Coin Bureau 40 wen textile emergency banknote printed on red cotton with Chinese and Uyghur inscriptions

China 1924 - Dihua Official Coin Bureau 40 Wen Textile Emergency Issue (Pick Unlisted)

This 40 wen textile banknote represents a formally authorized emergency issue produced in 1924 by the Dihua Official Coin Bureau during a period of acute monetary disruption in Xinjiang. Faced with shortages of paper currency, disrupted transport routes, and limited access to centralized printing facilities, local authorities adopted cloth as an alternative monetary substrate to sustain everyday economic activity. Read more →

ChinaTextile Banknote192440 WenCirculated (Textile Issue) Textile BanknoteTextile Emergency CurrencyCloth CurrencyEmergency Issue40 WenWoodblock PrintingDihua Official Coin BureauXinjiangRepublican ChinaRegional Monetary SystemMultilingual CurrencyProvisional FinanceChina1924R8 Extremely RareMuseum GradePick Unlisted
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Paraguay 1907 100 Pesos Banco de la República note with 1912 Emisión del Estado state overprint on the face, Pick 134, base Pick 159, printed by Waterlow & Sons, London, PMG 65 EPQ Gem Uncirculated Top Pop

Paraguay 1907 - 100 Pesos with 1912 State Overprint (Pick 134, Base Pick 159)

Exceptional 1907 Banco de la República 100 Pesos, printed by Waterlow & Sons, London, and later revalidated by the Paraguayan state through the bold oval overprint “Emisión del Estado – Ley de 11 de Enero de 1912.” This is the recognized catalogued 1912 state-overprint issue, Pick 134, created on the original 1907 Banco de la República 100 Pesos base type, Pick 159. Unlike the rarer dual-side treasury revalidation variety, this example carries the official state emission overprint on the face only, making it the standard and historically definitive form of the 1912 emergency reissue. 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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Paraguay 1907 Banco de la República 100 Pesos issued note, Pick 159, non-overprinted base type later used for the 1912 state overprint issues, printed by Waterlow & Sons, London, with 100 watermark and Moneda Nacional ó Diez Pesos Oro Sellado clause, PMG 66 EPQ Gem Uncirculated

Paraguay 1907 - Banco de la República 100 Pesos Issued Note (Pick 159)

Issued 1907 Banco de la República 100 Pesos note, cataloged as Pick 159 and printed by Waterlow & Sons, London. This is the original, non-overprinted base type from which the later 1912 emergency state issues were created. In its pure issued form, without the later “Emisión del Estado” overprint or the additional Treasury fiscal validation seen on rarer revalidated examples, the note preserves the full Waterlow design as it was intended before Paraguay’s monetary emergency transformed surviving stocks into provisional state currency. Read more →

ParaguayIssued Note1907100 PesosPMG 66 EPQ Gem Uncirculated Issued Note100 PesosPick 159Banco de la RepúblicaBase TypeNon-Overprinted IssueOriginal IssueSeries ARed Serial NumberWaterlow & SonsWaterlow & Sons London100 WatermarkWmk 100Architectural VignetteBanco de la República BuildingGuilloché Security DesignIntaglio PrintingYellow-Green TintBlack EngravingLarge Denomination PanelsMoneda NacionalDiez Pesos Oro SelladoGold-Value ClauseTen Sealed Gold PesosBase for 1912 State OverprintBase for Pick 134Base for Dual-Side Treasury RevalidationParaguayan Monetary HistorySouth American Monetary HistoryEarly 20th Century FinancePre-1912 Emergency IssueReference TypeCurrency Reform ContextHistoryParaguayRepublic of Paraguay19071912PMG 66 EPQGem UncirculatedMuseum Grade
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United States Series 1934A 10 Dollars North Africa Silver Certificate with yellow Treasury seal, Friedberg 2309, graded PCGS 35 Very Fine, featuring portrait of Alexander Hamilton.

United States 1934A - 10 Dollars North Africa Silver Certificate (Friedberg 2309), PCGS 35 Very Fine

The Series 1934A 10 Dollars North Africa Silver Certificate, cataloged as Friedberg 2309, belongs to the distinctive emergency issues produced during the Second World War. Commonly known as the 'North Africa' notes, these certificates were printed with a yellow Treasury seal rather than the standard blue seal of Silver Certificates. The color modification was deliberate - a wartime security measure designed so that, if large quantities were captured by enemy forces, they could be immediately declared invalid. Read more →

United StatesSilver Certificate193410 DollarsPCGS 35 Very Fine Silver CertificateNorth Africa issueYellow Treasury sealSmall size banknotePortrait of Alexander Hamilton10 DollarsBureau of Engraving and PrintingNew York Federal Reserve DistrictFriedberg 2309Second World War emergency issueUnited States wartime currencyEmergency seriesHistoryUnited States19341934APCGS 35Very FineMuseum Grade
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Paraguay 1907 Banco de la República 5 Pesos with 1912 dual-side state and Treasury revalidation overprint, Pick Unlisted, base Pick 156, showing Emisión del Estado on the face and Departamento de Hacienda Junta Fiscalizadora Cincuenta Centavos Oro Sellado validation on the reverse, printed by Waterlow & Sons, London, raw uncirculated

Paraguay 1907 - Banco de la República 5 Pesos with 1912 Dual-Side State and Treasury Revalidation Overprint (Pick Unlisted, Base Pick 156)

Uncirculated 1907 Banco de la República 5 Pesos note, printed by Waterlow & Sons, London, and later transformed by the 1912 Paraguayan emergency revalidation process. The note is based on the original 1907 Banco de la República 5 Pesos issue, cataloged as Pick 156, but this dual-side state and Treasury validation format appears to stand outside the standard catalog listing and is therefore best treated as Pick Unlisted, base Pick 156. The face carries the large oval state overprint “Emisión del Estado – Ley de 11 de Enero de 1912,” while the reverse bears the additional Treasury validation “Departamento de Hacienda – Junta Fiscalizadora – Cincuenta Centavos Oro Sellado – Conforme Decreto de 20 de Mayo 1912.” This dual-side structure places the note among the most historically informative forms of Paraguay’s 1912 provisional paper money. Read more →

ParaguayDual-Side Overprint Issue19075 PesosUncirculated Dual-Side Overprint Issue5 PesosPick UnlistedPick 156Base Pick 156OverprintState OverprintTreasury OverprintDual-Side OverprintFace OverprintReverse OverprintProvisionalEmergency State IssueFiscal RevalidationTreasury RevalidationGovernment RevalidationWaterlow & SonsWaterlow & Sons LondonBanco de la RepúblicaEmisión del EstadoLey de 11 de Enero de 1912Departamento de HaciendaJunta FiscalizadoraConforme Decreto de 20 de Mayo 1912Moneda NacionalCincuenta Centavos Oro SelladoGold-Value ClauseSeries ARed Serial NumberBlack Oval OverprintReverse Treasury ValidationGuilloché Security DesignIntaglio PrintingParaguayan Emergency Issues1912 ReformParaguayan Civil War PeriodSouth American Monetary HistoryEarly 20th Century FinanceEmergency CurrencyOverprint VarietiesState LiabilityTreasury VerificationCurrency RevalidationPublic Finance HistoryHistoryParaguayRepublic of Paraguay19071912UncirculatedMuseum GradeR9 Extremely Rare
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Paraguay 1907 Banco de la República 5 Pesos with 1912 Emisión del Estado state overprint on the face, Pick 127, base Pick 156, printed by Waterlow & Sons, London, PMG 64 Choice Uncirculated

Paraguay 1907 - Banco de la República 5 Pesos with 1912 State Overprint (Pick 127, Base Pick 156)

Choice Uncirculated 1907 Banco de la República 5 Pesos note, printed by Waterlow & Sons, London, and later revalidated as part of Paraguay’s 1912 emergency state emission. The note is cataloged as Pick 127, created by applying the large oval face overprint “Emisión del Estado – Ley de 11 de Enero de 1912” to the original 1907 Banco de la República 5 Pesos base type, Pick 156. This is the standard cataloged 5 Pesos state-overprint issue and the direct counterpart to the larger 100 Pesos Pick 134 overprint on base Pick 159. Read more →

ParaguayOverprint Issue19075 PesosPMG 64 Choice Uncirculated Overprint Issue5 PesosPick 127Pick 156Base Pick 156State OverprintSingle-Side OverprintFace OverprintProvisionalEmergency State IssueFiscal RevalidationGovernment RevalidationWaterlow & SonsWaterlow & Sons LondonBanco de la RepúblicaEmisión del EstadoLey de 11 de Enero de 1912Moneda NacionalCincuenta Centavos Oro SelladoGold-Value ClauseSeries ARed Serial NumberBlack Oval OverprintGuilloché Security DesignIntaglio PrintingBlue UnderprintBrown ReverseNational EmblemParaguayan Emergency Issues1912 ReformParaguayan Civil War PeriodSouth American Monetary HistoryEarly 20th Century FinanceEmergency CurrencyOverprint VarietiesState LiabilityCurrency RevalidationPublic Finance HistoryHistoryParaguayRepublic of Paraguay19071912PMG 64Choice UncirculatedMuseum GradeR7 Extremely Rare
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Paraguay 1907 Banco de la República 5 Pesos issued note, Pick 156, original non-overprinted base type later used for the 1912 state overprint Pick 127 and the dual-side Treasury revalidation variety, printed by Waterlow & Sons, London, with 5 watermark and Moneda Nacional ó Cincuenta Centavos Oro Sellado clause, PMG 65 EPQ Gem Uncirculated

Paraguay 1907 - Banco de la República 5 Pesos Issued Note (Pick 156)

Issued 1907 Banco de la República 5 Pesos note, cataloged as Pick 156 and printed by Waterlow & Sons, London. This is the original, non-overprinted base type from which the later 1912 5 Pesos emergency state-overprint issue was created. In this untouched issued form, without the later “Emisión del Estado” oval stamp and without the additional reverse Treasury validation seen on the dual-side fiscalized variety, the note preserves the full Waterlow & Sons design as Paraguay originally released it under the monetary framework of 1907. 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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