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    Alves Reis - Waterlow Scandal Note

    Portugal Banco de Portugal 500 Escudos 17.11.1922 Pick 130
    A note whose history is so dubious an entire book has been written about its existence. Portuguese criminal Arthur Alves Reis was able to acquire 200,000 of these 500 Escudos notes (a total face value of 100 million Escudos) from Waterlow and Sons, Ltd. through forgery and deceit, conspiring with several accomplices to convince Waterlow that they were in fact working on a "confidential mission" for the Governors of the Banco de Portugal. This scheme, still unparalleled in scope, made Reis a very rich man until his ultimate capture in 1925. At the time of his capture, Reis was only 28 years old. Truly a fascinating piece of monetary and criminal history. Some staining is seen, graded PMG About Uncirculated 55 Net.

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    Auction Dates
    January, 2015
    8th-12th Thursday-Monday
    Bids + Registered Phone Bidders: 4
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