Paraguay 1907 - Banco de la República 5 Pesos with 1912 State Overprint (Pick 127, Base Pick 156)
This example is certified PMG 64 Choice Uncirculated. That level of preservation is significant for a provisional overprint issue, because such notes were created for emergency use rather than archival retention. Most surviving examples of Paraguay’s 1912 overprint currency show evidence of circulation, handling, or storage wear. A high-grade certified survivor preserves not only the original Waterlow paper and printing, but also the sharpness and placement of the state overprint itself. 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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