This listing is for the photographed 1903 20 Centavos Paraguay. Seen on the obverse is the national emblem of Paraguay featuring a seated lion anda liberty pole topped by a Phrygian cap with the legend reading "REPUBLICA DEL PARAGUAY" and "1903". Seen on the reverse is a large denomination rereading "20 CENTAVOS" surrounded by a laurel wreath. The lion-and-liberty-cap design is one of the classic symbols of Paraguay, representing vigilance and the defense of liberty. Coins of this era were struck during a period of reconstruction and modernization following the devastating Paraguayan War.

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1903 20 Centavos Paraguay - Republic of Paraguay - Old Paraguayan coins