Paraguay 1907 - Banco de la República 5 Pesos Issued Note (Pick 156)
PMG identifies this example as Pick 156, Money Portal number MC160.a-b, with serial number A 0017632, printer Waterlow & Sons, and watermark 5. The watermark is a key production feature because it confirms the physical paper stock used for the denomination. In the context of the 5 Pesos revalidation trio, the watermark helps anchor the relationship between the issued base note and the later overprinted forms. Beneath every later state or Treasury marking was this original Waterlow paper, engraving, watermark, and value clause. 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
Held