Brazil 1970 cruzeiro

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 cruzeiro adopted. To mark the occasion, all new coins were released. This type was struck in 1970-72, all dated 1970. It is worthless in all grades. It is represents the second cruzeiro of 1967-86 (= 1,000 first cruzeiros = 1,000 milréis). Brazil endured currency reforms in 1942, 1967, 1986, 1989, 1990, 1993 and 1994. Wikipedia comments, "Combined with all previous currency changes in the country's history, this reform [of 1994] made the new real equal to 2.75 × 10¹⁸ (2.75 quintillion) of Brazil's original réis."

Recorded mintage: 53,271,200 (this date was struck until 1972) plus 18,000 proofs.

Specification: 10.08 g, nickel, 29 mm diameter.

Catalog reference: KM 581.

Source:

• Amato, Claudio, and Irlei S. Neves, Livro das Moedas do Brasil, 14a ed. Sao Paulo, 2015.
• Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.

Link to:

• 1969 2 centavos
• 1969 5 centavos
• 1970 10 centavos
• 1970 50 centavos
• 1975 centavo F.A.O.
• 1975 2 centavos F.A.O.
• 1975 5 centavos F.A.O.
• 1975 50 centavos
• Coins and currency dated 1970
• return to coins of Brazil