In 1944 Paraguay introduced a reform coinage, replacing the peso with the guarani (100 centimos = 1 guarani). This round version of the 50 centimos coin was minted in 1944 and 1951 only.
Above the lion are the words 'paz y justicia' which translates as 'peace and justice'. Above the lion, on a pole, is a liberty cap.
All coin images in Daniel's Coin Zoo are from my personal collection. I collect, research, and personally photograph every coin displayed on this site. PLEASE do not take my images without permission. If you would like to use any coin image you see, just ask me. Thank you.