1 Cruzeiro

The cruzeiro had already been redenominated once before this series entered circulation — Brazil abolished the original cruzeiro in 1967, replacing it at 1,000-to-1 with the "new" cruzeiro, which was itself quietly rebranded back to simply "cruzeiro" in 1970. These stainless steel pieces circulated against a backdrop of catastrophic inflation: by 1984, Brazil's annual inflation rate exceeded 200%, effectively rendering the 1-cruzeiro denomination worthless before the series even concluded. The cruzado reform of 1986 swept away the cruzeiro again at 1,000-to-1.