Heritage World Coin Auctions
NYINC Signature Sale 3038 13-14 January 2015
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Paraguay
Republic countermarked Real ND (1866-1869) F15 NGC, KM-B2, Janson-3, Pratt-MR1. A quarter section of a Bolivia Republic 4 Soles counterstamped with raised "1" punch on hexagonal field with horizontal lines. Base coin Fine, countermark good Fine thus in typical condition for this very scarce necessity issue. Struck during the war of the Triple Alliance (Argentina, Brazil and Uruguay) against Paraguay by the allied armies to provide much needed fractionary coinage. One of the earliest references to the practice of cutting coins is found in the article "Plata Cortada" (Cut silver) published in the January 19, 1870 edition of the daily "La Regeneracion" which stated: "the abundance of cut silver is so great that many commercial establishments have decided to reject them since as many as 6 or 7 seven are being obtained from Bolivian coins of 4 Reales (sic.)". The present type is among the unquestionably genuine ones since plated in Enrique Pena old reference ("Monedas Paraguayas", 1900). As such, it is popular with both collectors of counterstamped issues, those of Argentina and those of Paraguay.
Estimate: 600-900 USD
Republic countermarked Real ND (1866-1869) F15 NGC, KM-B2, Janson-3, Pratt-MR1. A quarter section of a Bolivia Republic 4 Soles counterstamped with raised "1" punch on hexagonal field with horizontal lines. Base coin Fine, countermark good Fine thus in typical condition for this very scarce necessity issue. Struck during the war of the Triple Alliance (Argentina, Brazil and Uruguay) against Paraguay by the allied armies to provide much needed fractionary coinage. One of the earliest references to the practice of cutting coins is found in the article "Plata Cortada" (Cut silver) published in the January 19, 1870 edition of the daily "La Regeneracion" which stated: "the abundance of cut silver is so great that many commercial establishments have decided to reject them since as many as 6 or 7 seven are being obtained from Bolivian coins of 4 Reales (sic.)". The present type is among the unquestionably genuine ones since plated in Enrique Pena old reference ("Monedas Paraguayas", 1900). As such, it is popular with both collectors of counterstamped issues, those of Argentina and those of Paraguay.
Estimate: 600-900 USD