1989 1 Cruzado Novo Brazil obverseObverse

Image: Wikimedia Commons · Design: Central Bank of Brazil. · Public domain

1989 1 Cruzado Novo Brazil

Brazil

1989–1990

Reference data compiled from public catalogs

Specifications

CountryBrazil
Years Minted1989–1990
CompositionStainless steel
Weight2.5 g
Diameter17 mm
ShapeRound
EdgeReeded

Design

Obverse

Features the coat of arms of Brazil, the inscription 'REPÚBLICA FEDERATIVA DO BRASIL', and the date.

Reverse

Depicts the denomination '1 CRUZADO NOVO' with decorative elements.

History & Notable Facts

The 1989 1 Cruzado Novo was minted amid Brazil's frantic currency reforms, an attempt to lop off three zeros from the old Cruzado and stabilize an economy spiraling into hyperinflation.

That didn't last. Issued in early 1989, the coin features a simple design: the national coat of arms on one side, with the value and date on the reverse, all struck in aluminum to cut costs during the crisis. Records on exact mintage figures are spotty; what we have suggests millions were produced, but precise numbers vanished with bureaucratic reshuffles.

Brazil's sixth currency change in a decade meant this coin was obsolete by early 1990, replaced by the Cruzado yet again. If you ask me, after handling these for years, it's a stark reminder that not every coin tells a tale of triumph.

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