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I think that you are referring to a 1000 Reis coin (KM#531) issued in 1932 commemorating the 400th Anniversary of Colonialization. The obverse has an 3/4 view of Martim Afonso da Sousa (Commander of the first Portuguese expedition to Brazil, and first Royal Governor or Brazil), and the reverse has a coat of arms and the denomination. The coin has a reeded edge and is produced in medal rotation (that is, "up" is in the same direction on both sides of the coin, as opposed to US Coins which are "coin rotation").

The coin weighs 7 grams, is 32mm in diameter, and is made from Aluminum Bronze. 56,00 were produced, and (according to the 2010 Standard Catalog of World Coins) and example is worth about US$2.00 in Fine condition, about US$4.00 in Very Fine condition, about US$7.50 in Extremely Fine condition, and about US$18.00 in Uncirculated condition.

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Q: Brazilian coin with a bearded man that looks like a wizard or sorcerer with scepter or cane or staff?
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