Paraguay 1988 300000 guaranies
This gold 10,000 guaranies was struck for Paraguay in 1988. It honors one of the numerous re-elections of President and dictator Alfredo Stroessner (1912-2006), who ruled Paraguay 1954-89. Among his tactics in dealing with opponents was to drop them out of airplanes into the trackless wastes of the Gran Chaco. This specimen was lot 31452 in Heritage sale 3064 (Chicago, April 2018), where it sold for $3,120. The catalog description[1] noted, "Republic gold Proof 300000 Guaranies 1988 PR67 Ultra Cameo NGC. Commemorating the 8th Term as President for Alfredo Stroessner. Roughly half of the original 500 minted pieces were remelted, reducing an already scant mintage to an extreme rarity. This exceptionally highly certified piece displays pristine, deep mirror fields and a thick layer of frost over the ultra cameo portrait of the President. Unlikely to be severely challenged for quality." This bust was used on other commemorative coinage issued by the regime, such as a 300 guaranies of 1968 (KM 29) and a 10,000 guaranies of 1973 (KM 30). Many of the commemoratives issued during the seventies are so rare that they are not pictured in the SCWC. The peso was dropped in favor of the guarani in 1944.
Recorded mintage: about 500, of which 250 were melted.
Specification: 46.01 g, 0.917 fine gold, 1.347 troy oz AGW.
Catalog reference: KM 174.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
- [1]Cristiano Bierrenbach and Warren Tucker, Heritage World Coin Auction 3064, featuring the Doug Robins Collection of Canadian Tokens, Dallas, TX: Heritage Auction Galleries, 2018.
Link to:
- Paraguay 1973 10000 guaranies Stroessner
- 1983 100,000 guaranies, Stroessner
- Paraguay 1987 250000 guaranies
- Coins and currency dated 1988
- return to coins of Paraguay
- Wikipedia biography of Stroessner: [1]