Shucks, Regina. It's not gold. The metal is aluminum bronze, a common coining metal that looks like gold when the coin is uncirculated. The protective case has kept it looking like new.
The catalogs report the following values for your 500 reis coin with author Machado de Assis.
worn: less than $1 US dollar
average circulated: $1
well preserved: $3
fully uncirculated: $8
These catalog values (see our 'Important Terminology' page on the top left to properly interpret them) only apply to coins free of problems like scratches, stains or spots.
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