This striking red 3 Pesos stamp from Paraguay features the portrait of Vicente Ignacio Iturbe, one of the nation’s prominent independence leaders. Issued during the early 20th century, it bears the inscription “REPUBLICA DEL PARAGUAY” and the initials UPU at the top, reflecting Paraguay’s membership in the Universal Postal Union. The bold typography and decorative border make this issue highly attractive to collectors of South American classics. Some examples also show overprints, as seen with the black “C” on this piece, adding to its philatelic interest and variety.