Brazil 1945 20 centavos

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from the Mountain Groan Collection
from the Mountain Groan Collection

In 1942, during the presidency of Getulio Vargas, the réis was dropped as a unit of currency after 400 years and the cruziero adopted. To mark the occasion, all new coins were released with the ten, twenty and fifty centavos featuring the bust of Vargas. The issues of 1942-43 are copper-nickel but later issues of 1943-47 are aluminum bronze. After Vargas' ouster, his portrait was dropped and figures of famous (and safely dead) Brazilians substituted. The cruziero itself survived only until 1967, the victim of uncontrolled inflation.

Recorded mintage: 61,632,000 (highest mintage date).

Specification: aluminum bronze, 20 mm diameter.

Catalog reference: KM 556a.

Source:

  • Bruce, Colin R., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 35th ed., Iola, WI: Krause Publications, 2007.
  • Pimentel, Alvaro Mendes, Catálogo de Moedas Brasileiras de 1643 a 1962, 9a Ed., Rio de Janeiro, 1962.

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