These specs list the ballast as Lead.
CORONADO 32 sailboat specifications and details on sailboatdata.com
Just looked at one and she seemed pretty stout. The thing is a beast! Though, the standing rigging appeared to be on the light side. The inboard motor was still installed ( a pile of rust), but the owner (deceased) had gone to great pains to install a four stroke 10 HP outboard. Have to wonder why. He must have spent several thousands installing and buying the outboard, and thats a lot of boat for 10 ponies to push. In addition, with all that freeboard, handling her nimbely while under powered at the dock could be a trick!
So...Iron or lead keel? Whats the story?