Heritage World Coin Auctions
Dallas Signature Currency Sale 4029 30 Apr 2021
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Portugal Banco de Portugal 500 Escudos 17.11.1922 Pick 130 PMG Very Fine 30 Net. This high denomination, large format banknote is infamous, as it was the byproduct of a forged work order by Alves Reis. Instead of forging banknotes, Alves Reis cleverly forged a banknote order for the Bank of Portugal from printer Waterlow & Sons. 200,000 notes were delivered to Lisbon in 1925, one year after this design entered circulation. Once the fraudulent order was detected and the scam made public, there was a rush to redeem this denomination making this note very scarce today. Historic, interesting, and rare. Typical repairs, lightened stains are mentioned. https://currency.ha.com/itm/world-currency/portugal-banco-de-portugal-500-escudos-17111922-pick-130-pmg-very-fine-30-net/a/4029-28469.s?type=CoinArchivesCurrency4029 HID08706262019 © 2020 Heritage Auctions | All Rights Reserved
Estimate: 1600-2400 USD
Portugal Banco de Portugal 500 Escudos 17.11.1922 Pick 130 PMG Very Fine 30 Net. This high denomination, large format banknote is infamous, as it was the byproduct of a forged work order by Alves Reis. Instead of forging banknotes, Alves Reis cleverly forged a banknote order for the Bank of Portugal from printer Waterlow & Sons. 200,000 notes were delivered to Lisbon in 1925, one year after this design entered circulation. Once the fraudulent order was detected and the scam made public, there was a rush to redeem this denomination making this note very scarce today. Historic, interesting, and rare. Typical repairs, lightened stains are mentioned. https://currency.ha.com/itm/world-currency/portugal-banco-de-portugal-500-escudos-17111922-pick-130-pmg-very-fine-30-net/a/4029-28469.s?type=CoinArchivesCurrency4029 HID08706262019 © 2020 Heritage Auctions | All Rights Reserved
Estimate: 1600-2400 USD