During Brazil’s First Republic era, this 400 réis coin was issued in 1938 under the government of Getúlio Dornelles Vargas. Struck in copper-nickel and minted in Rio de Janeiro, it features a scalloped shape and reeded edge. Documented mintage of 10,620,000 (Numista; Krause SCWC 2020).

• KM#: 547

• Country/Period: Brazil — First Republic (1889–1942)

• Ruler: Getúlio Dornelles Vargas

• Denomination: 400 Réis

• Year/Date: 1938

• Mint: Rio de Janeiro

• Composition: Copper-Nickel

• Weight: 5.44 g

• Diameter: 23 mm

• Thickness: 1.66 mm

• Edge: Reeded

• Shape: Scallop

• Alignment: Coin (180°)

• Mintage/Print run: 10,620,000 (Numista; Krause SCWC 2020)

Condition: Light wear visible with some even toning. No signs of cleaning.

מצב: מטבע סחיר עם שחיקה נראית לעין, בהתאם לגיל.

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Act now — documented mintage of 10,620,000 and historical Vargas-era issue.

Why Buy

• Issued during Getúlio Vargas’s presidency

• Confirmed mintage of 10.62M (Krause SCWC 2020)

• Uncommon scalloped shape adds visual appeal

• Verified copper-nickel composition

• Part of pre-Cruzado Brazilian coinage history

• Ideal for Latin American or 20th-century type sets

Sources & Citations

• Krause Standard Catalog of World Coins, 2020 Edition — KM#547

• Numista (entry: Brazil 400 Réis, 1938, KM#547) — accessed Jan 22, 2026

• NGC World Coin Price Guide — Brazil KM#547