Paraguay 1907 - 100 Pesos with 1912 Dual-Side State and Treasury Revalidation Overprint Specimen (Pick Unlisted)
Among recorded Paraguayan emergency issues, the dual-side state and treasury revalidation format is virtually in a class of its own. It is not simply another overprint variety. It is a surviving document of how Paraguay attempted to defend official monetary credibility at a moment when ordinary paper value, legal value, and gold-referenced value were no longer the same thing in practice. The second overprint is therefore the key historical feature: it confirms that this note was not only reissued, but reviewed, fiscalized, and tied back to the higher official “Diez Pesos Oro Sellado” standard. As a Pick-unlisted specimen, base Pick 159, and R9 Extremely Rare survivor, it stands as a museum-grade crown piece of Paraguayan emergency paper money. Read more →