2 Centésimos

Paraguay's 1870 coinage was struck under extraordinary circumstances — the country had just emerged from the War of the Triple Alliance, a conflict that killed an estimated 60–70% of the entire population and left the nation economically devastated. This issue was part of the first national coinage series, produced as the postwar government attempted to rebuild basic monetary infrastructure from near-total collapse.

The coins were minted in Birmingham, almost certainly by Ralph Heaton & Sons, who supplied several South American nations with copper coinage during this period.