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1 Peso Fuerte Tesoro Nacional

Issuer Tesoro Nacional del Paraguay
Year 1864
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Printer Perkins Bacon & Co.
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Reverse description Reverse is blank, printed on one side only, with faint offset impression visible from the obverse impression through the paper.
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Variants P#25s - Specimen
Comments

Paraguay's Tesoro Nacional issued this note in 1864, just one year before the country entered the War of the Triple Alliance — the catastrophic five-year conflict against Brazil, Argentina, and Uruguay that killed the majority of Paraguay's adult male population and effectively destroyed the national economy. Notes issued in this immediate pre-war period were quickly swept into a wartime fiscal emergency that Francisco Solano López's government tried to paper over with successive issues of increasingly desperate currency.

Perkins Bacon had a long-established relationship with Latin American governments and brought their security printing expertise to this series. The intaglio work is characteristic of their mid-Victorian output.

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