Brazil 1961 2 cruzieros
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 two cruzieros of 1942-56 (KM 559) was aluminum bronze but was switched to aluminum (shown here) for 1957-61. The cruziero itself survived only until 1967, the victim of uncontrolled inflation.
Recorded mintage: 24,924,000.
Catalog reference: KM 571.
- Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.
- Pimentel, Alvaro Mendes, Catálogo de Moedas Brasileiras de 1643 a 1962, 9a Ed., Rio de Janeiro, 1962.