1 Peso Republic of Paraguay (1811 - ) Silver

1889, Paraguay (Republic). Beautiful Large Silver Peso Coin.

Mint year: 1889 References: KM-5. Composition: Silver Denomination: 1 Peso Weight: 24.87gm Diameter: 37mm

Obverse: Lion standing left. Radiant liberty cap on pole behind him. Legend: * PAZ Y JUSTICIA * UN PESO 9 Dos FINO * Reverse: Illuminated star within wreath. A smaller star below. Legend: REPUBLICA DEL PARAGUAY *

Paraguay, officially the Republic of Paraguay, is a landlocked country in South America. It is bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest. Paraguay lies on both banks of the Paraguay River, which runs through the center of the country from north to south. Due to its central location in South America, it is sometimes referred to as Corazón de América, or the Heart of America.

Paraguay’s history has been characterized by long periods of political instability and infighting, and devastating wars with its neighbors.

Paraguay fought the War of the Triple Alliance against Brazil, Argentina and Uruguay, and was defeated in 1870 after five years of the bloodiest war in South America. Out of a prewar population of about 525,000, only some 221,000 were left, of which only about 28,000 were adult men. Paraguay also suffered extensive territorial losses to Brazil and Argentina.