Brazil had been colonized for 400 years in 1932. That's King John III of Portugal on the front of the coin. He reigned from 1521 to 1557.
The coin contains 0.127 troy ounces of silver, so that sets the minimum value it can be worth. At today's silver price of about $21 US dollars per troy ounce, that's a Base Value (BV) of 0.127 x 21 = $2.60 US dollars.
If you have a coin in good condition, it is worth more than BV because collectors want to add it to their collections. Here are approximate values:
average circulated: BV + $2 US dollars
well preserved: BV + $6
fully uncirculated: BV + $16
Be sure to read our Important Terminology page so you an properly understand how these catalog values work.
For the companion 1000 reis coin [Press Here].