1. Historical Context

• The 1 Cruzeiro coin of 1945 is part of Brazil's first Cruzeiro currency period, which lasted from 1942 to 1967.
• The Cruzeiro (first version) replaced the old “réis” system.
• In 1945, Brazil was at the end of the Vargas Era (Getúlio Vargas), giving this coin additional historical and symbolic value.

2. Physical Characteristics

Key specifications of the coin:

Obverse: Features the topographic map of Brazil with the inscription “Brasil.”
Reverse: Shows the number “1” (denomination), the year “1945,” stars (representing the Southern Cross constellation), and a laurel wreath, with the legend “CRUZEIRO.”

3. Numismatic Value

The coin’s value depends greatly on its condition (e.g., UNC – uncirculated, XF – extremely fine, F – fine, etc.).

1. Market Price
   Values for a 1945 1 Cruzeiro range from US$ 0.42 to US$ 5.33 for common circulated coins, depending on condition.
2. Common Coins
   With a mintage of over 32 million, the coin is not particularly rare in standard circulated conditions.
3. Error Coins
   Some coins have minting errors, such as “cracked dies,” which can increase collector interest and value.
4. Market Listings
   • Error coins have been listed for roughly R$ 5 to R$ 15 depending on condition.
   • Common circulated coins are typically sold for lower prices, around R$ 16.
5. Perceived Rarity
   Despite high mintage, in catalogs, the coin is considered “very low” in rarity for most conditions.
6. Historical/Collectible Value
   Many collectors value it for its history, design (map of Brazil), and place in the broader collection of old Cruzeiro coins.

4. Collector Notes

• If you own a 1 Cruzeiro 1945, evaluate its condition carefully. Coins in “mint state” are most valuable.
• Check for mint errors (cracked dies, die breaks) which can increase value for specialized collectors.
• Reference recognized catalogs (e.g., Krause) for condition and price comparisons.
• Selling in numismatic communities or auctions can yield higher prices for well-preserved or error coins.

5. Conclusion

The 1 Cruzeiro 1945 coin is a significant piece of Brazil’s monetary history. While its high mintage makes it relatively common, it still attracts collector interest, especially versions with mint errors. Circulated coins have modest numismatic value, but coins in excellent condition or with errors can command higher prices. Its design — featuring a map of Brazil — adds historical and aesthetic appeal that collectors appreciate.