10 pesos 1907

Common. The eBay market data shows a PMG 66 specimen selling for $202.50 in June 2024, which while not inexpensive, reflects typical pricing for early 20th century Paraguayan notes in exceptional condition grades rather than true rarity. Catalog values from 2016 place an UNC specimen at $35, consistent with a commonly encountered note in collector markets. The print run for this 1907 issue was substantial enough to support regular commercial availability. This Pick-157 note is neither scarce nor particularly rare, and represents a standard issue from an established national bank rather than an emergency or limited-circulation note.

This note commemorates the Law of December 26, 1907, which established new currency standards for Paraguay, explicitly stating the equivalence of 10 Pesos in Nacional currency to 1 Peso Oro Sellado (sealed gold peso). The prominent depiction of the Asunción Railroad Station on the obverse reflects Paraguay's late 19th and early 20th century modernization efforts and development of transportation infrastructure. The reverse features Paraguay's national emblem—a star within a laurel wreath—symbolizing the nation's sovereignty during a period of relative stability following earlier political turmoil.

The obverse features the Asunción Railroad Station as the dominant central vignette, depicted in meticulous architectural detail with multiple stories, towers, arches, and a prominent clock tower, rendered in black line engraving against a pink/rose underprint. Ornate baroque-style corner medallions with cross-hatch security patterns frame the design, with symmetrical scrollwork and flourishes throughout the border. The reverse presents Paraguay's national coat of arms—a five-pointed star enclosed within a laurel wreath—as the central circular medallion, surrounded by elaborate geometric and floral baroque ornamentation in teal/green coloring. Large denomination numerals frame the central emblem on both sides, with the printer's attribution to Waterlow & Sons prominently displayed.

FRONT: 'REPÚBLICA DEL PARAGUAY' (Republic of Paraguay) / 'EL BANCO DE LA REPÚBLICA' (The Bank of the Republic) / 'DIEZ PESOS' (Ten Pesos) / 'MONEDA NACIONAL O UN PESO ORO SELLADO' (National Currency or One Sealed Gold Peso) / 'CONFORME A LA LEY DE 26 DE DICIEMBRE DE 1907' (In accordance with the Law of December 26, 1907) / 'Pagara al portador y á la vista' (Payable to bearer on sight) / 'EL INSPECTOR' (The Inspector) / 'EL DIRECTOR' (The Director) / 'Serie A' (Series A) / Serial number 0010799. BACK: 'REPÚBLICA DEL PARAGUAY' (Republic of Paraguay) / 'DIEZ PESOS' (Ten Pesos) / 'Waterlow & Sons, Ltd, Londres, Inglaterra' (Waterlow & Sons, Ltd, London, England) / Multiple denomination numerals 'DIEZ PESOS' (Ten Pesos).

Steel plate engraving, the primary technique used by Waterlow & Sons for high-security banknote production. The note exhibits fine line engraving work characteristic of the security printer's method, with intricate cross-hatching, geometric patterns, and architectural detail work serving dual purposes of aesthetic appeal and fraud prevention. The multiple color scheme (pink/red obverse underprint, green reverse) indicates separate plate impressions, a standard practice for banknotes of this era to enhance security and durability.

Series A is evident on this specimen (serial 0010799). The catalog data indicates 2 signature varieties exist for this denomination and date. The visual analysis confirms the presence of two signature lines at the bottom designated 'EL INSPECTOR' and 'EL DIRECTOR', though specific signer identification would require comparison with known signature varieties. No overprints or unusual variations are apparent in this specimen, making it a standard example of the regular Series A issue.