Introduction
The 100 réis coin from 1932 is a common piece among collections of early 20th-century Brazilian Republican coinage. Although not one of the rarest catalog items, it holds historical interest because it was part of the circulating series of the Vargas era. Market values vary widely depending on preservation grade and whether the piece is certified by services such as PCGS or NGC.
Description and Technical Specifications
- Issuer: Republic of the United States of Brazil
- Year: 1932
- Face value: 100 Réis
- Material: Cupronickel
- Weight: approx. 5.0 g
- Diameter: approx. 21 mm
- Obverse: The denomination “100 RÉIS” and the legend “REPÚBLICA DOS ESTADOS UNIDOS DO BRASIL,” along with the date
- Reverse: Symbolic female figure representing the Republic, with a semicircle of stars representing the states
- Cataloging: Listed in online catalogs such as Numista / KM, with slight variations depending on catalog edition
Historical Context
In 1932, Brazil was undergoing major political transformations, following the Revolution of 1930 and the Constitutionalist Movement of 1932. The coinage of this period reflects a transition in political and artistic styles. The 100 réis coin of 1932 belongs to this evolving monetary environment.
Mintage
Exact mintage numbers vary by source, but some catalogs and listings mention figures around 1,012,214 pieces for certain 1932 issues. For precise research, specialized numismatic publications are recommended.
Preservation and Grading
As with any coin, collector value depends heavily on preservation grade:
- Heavily circulated (Good/F): Strong wear, low collector value
- Better circulated (VF/EF): Visible details with moderate wear, moderate value
- Almost uncirculated (AU/BU): Minimal marks, good luster, higher value
- Certified uncirculated (MS): High-grade pieces (MS64–MS66) are significantly more valuable and attractive to collectors
Numismatic Value (Market Price)
Values vary depending on condition, certification, and marketplace (auctions, shops, online platforms). The following ranges reflect typical asking prices found in recent sales:
- Common circulated examples (VF–EF): €10–€40 / USD 10–40
- Higher-grade pieces (AU–UNC): USD 30–100 depending on quality
- Certified MS examples (PCGS/NGC): Prices can be considerably higher, especially in MS64+; auction results may reach several times the price of uncertified coins
Note: These prices come from comparing real online sales, not just listed prices, which can be inflated.
How to Evaluate, Buy, or Sell
- Condition matters most: Request high-resolution photos or in-hand evaluation
- Certification helps: PCGS/NGC certification increases buyer confidence and value
- Check real auction results: Compare with realized prices in reputable venues
- Avoid cleaned coins: Over-cleaning drastically reduces market value
- Documentation: Keep purchase and certification records if reselling
Conclusion
The 1932 100 réis coin is an accessible yet historically interesting Brazilian collectible. Typical circulated pieces sell for modest amounts, while high-grade, well-preserved, or certified examples can command strong premiums. For precise valuation, high-quality images and comparison with recent sales are essential.
