1939 Paraguayan 10-pesos
Verfasst: Mo 27.07.15 08:27
Paraguay’s 1939 10-peso struck of copper-nickel, 28.5mm in diameter and weighing 8g. Some 4,000,000 of these coins were produced in neighboring Argentina, at the mint in Buenos Aires (which also struck the other members of Paraguay’s 1925 and 1938-39 coin series).
Paraguay had continued its decimal coinage with a new copper-nickel coinage in 1925. The three new denominations (50-centavo, 1- and 2-peso) were soon overpowered by a war-driven inflation, however, and when the Chaco War ended in 1938, Paraguay revamped its coinage. The 50-centavo, 1- and 2-peso coins were struck in cheaper aluminum in 1938—and in 1939 copper-nickel 5-peso and 10-peso coins appeared for the first time.
(The Paraguayan star is yellow, by the way, and symbolizes the country’s independence day, 14 May 1811 .)
This 1939 10-peso piece—as is often the case worldwide with a new, higher denomination coin—assumed the duties of an already existing banknote. Unfortunately, though, Paraguay’s 1939-41 chance at good government passed (well, died in a plane crash), and the country’s currency continued to deteriorate.
The currency unit into which this coin was introduced had only a few more years to run. In 1944 the exhausted Paraguayan peso was replaced in circulation by the guarani, at the rate of 100 old pesos to one new guarani.
v.
Paraguay had continued its decimal coinage with a new copper-nickel coinage in 1925. The three new denominations (50-centavo, 1- and 2-peso) were soon overpowered by a war-driven inflation, however, and when the Chaco War ended in 1938, Paraguay revamped its coinage. The 50-centavo, 1- and 2-peso coins were struck in cheaper aluminum in 1938—and in 1939 copper-nickel 5-peso and 10-peso coins appeared for the first time.
(The Paraguayan star is yellow, by the way, and symbolizes the country’s independence day, 14 May 1811 .)
This 1939 10-peso piece—as is often the case worldwide with a new, higher denomination coin—assumed the duties of an already existing banknote. Unfortunately, though, Paraguay’s 1939-41 chance at good government passed (well, died in a plane crash), and the country’s currency continued to deteriorate.
The currency unit into which this coin was introduced had only a few more years to run. In 1944 the exhausted Paraguayan peso was replaced in circulation by the guarani, at the rate of 100 old pesos to one new guarani.
v.