1 Peso Gold Pattern ND

Reverse

One of the two national coats of arms (Sello de Hacienda) with national motto and denomination (in words) below

Script: Latin

Lettering:
PAZ Y JUSTICIA
UN PESO 9 Dos FINO

Translation:
Peace and justice (National motto of Paraguay)
One Peso
Nine tenths of pure silver

Comment

Struck on Peru 1863 20 Soles (KM#194)
A later restrike using original dies of the Buenos aires mint, clearly struck over a Peru 1863 gold 20 Soles (KM194). The September 13, 1889 law, was essentially a contract between the Paraguayan Government and several private banks (namely the Banco Nacional, the Banco de Comercio and the Banco del Paraguay y Rio de la Plata) authorizing them to commission the mintage of up to 3,000,000 pesos in various silver denominations, including 2,250,500 in coins of 1 Peso. The mint chosen for this issue was the Buenos Aires mint and the master dies (albeit with incomplete dates) were finished for all denominations, including the minor 50, 20, 10 and 5 Centavos. These minor denominations were never issued but restrikes for collectors were struck later in limited quantities using the aforementioned master dies.

Catálogo de Monedas y Ensayos de la República del Paraguay. Miguel Angel Pratt Mayans, 2013 (M54)

Interesting fact