Watch List notes:

Paraguay, Banco Central del Paraguay, 1 guarani replacement note, 25-3-1952, serial Z012498, PCGS Choice UNC 63 PPQ ("top pop"). SCWPM-193b. Scarce replacement note as identified by the Z prefix letter. Choice note with strong embossing, tied with two others for finest known in the PCGS census.

Estimate: $50 - $75