Third Crossing (1990-1993) Coins
The Tercer Cruceiro was Brazil's official currency from 1990 to 1993, during a period of high inflation and economic reforms. This monetary unit was introduced as part of the Collor Plan, an ambitious economic program implemented by President Fernando Collor de Mello to combat hyperinflation and stabilize the Brazilian economy.
Characteristics and denominations
The Tercer Cruceiro was divided into 100 centavos and issued in a variety of denominations to cope with rapid devaluation. The Tercer Cruceiro coins included values of 1, 5, 10 and 50 cruceiros, minted in stainless steel. These pieces featured designs reflecting Brazilian flora and fauna, as well as national symbols. As inflation accelerated, high denomination banknotes were introduced, reaching up to 500,000 cruceiros. The rapid loss of value of the currency made the lower denominations quickly obsolete, leading to frequent changes in the production of coins and banknotes.
Economic impact and substitution
Despite the government's efforts, the Tercer Cruceiro failed to contain the runaway inflation affecting Brazil. The currency quickly lost value, leading to its replacement by the Cruceiro Real in August 1993. During its short existence, the Tercer Cruceiro witnessed one of the highest inflation rates in Brazil's history, reaching over 2000% annually. This extreme economic situation had a profound impact on the daily lives of Brazilians, who were forced to constantly adapt to changes in the value of their money. The experience of the Tercer Cruceiro left an indelible mark in Brazil's economic memory and contributed to the implementation of more drastic measures that would eventually lead to the introduction of the Real in 1994, finally achieving monetary stability.
The most valuable and popular coins
The most valuable Third Crossing (1990-1993) coins and sought after by collectors according to Foronum statistics are the following:
The valuation of these coins has been achieved through a meticulous algorithm that considers the current market, taking into account aspects such as material, weight, diameter, edge, year of mintage, mint of manufacture and the number of coins produced. Coins with limited mintages and in good condition are usually among the most valuable.
Ancient coins of Brazil
To facilitate their classification, we have decided to organise the coins according to their historical period, you can consult the coins by historical numismatic categories of Brazil.
King John VI 1802-1822 Emperor Peter I 1823-1831 Emperor Peter II 1831-1889 Antiguo Real (Republic) 1889-1942 First Crossing 1942-1967 Cruceiro New 1967-1970 Segundo Cruceiro 1970-1986 Crusader 1986-1989 Crusader New 1989-1990 Third Crossing 1990-1993 Royal Crossing 1993-1994 Real 1994-?Coin Catalog
1 cruzeiro
5 cruzeiros
5 cruzeiros
10 cruzeiros
10 cruzeiros
50 cruzeiros
50 cruzeiros
500 cruzeiros (Encounter of Two Worlds)
2.000 cruzeiros (UN Environment and Development Conference)
100 cruzeiros
500 cruzeiros
5.000 cruzeiros (200th Anniversary of the Death of Tiradentes)
1.000 cruzeiros
Other resources to find coins and banknotes of Brazil
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