Watch List notes:

Paraguay. Miscellaneous issues,Asuncion Tramway, Light and Power, 2 1/2 centavos and 20 centavos, pale blue-green, Colonia Puerto Max, goods token for 10 centavos, horse at left, Lezaca y Lanus, unissued 50 centimos, blue, dog at centre, Republica del Paraguay, Direcion del Tesoro, 10 pesos, 1914. fine to very fine (5).

($100-150)