1. Spotting a fake paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have entirely replaced paper notes given that 2018, while this year has seen the release of polymer ₤ 20 notes into blood circulation.
All notes will be polymer by the end of 2021, when the Bank of England anticipates to have provided a ₤ 50 polymer note.
However with paper notes still in flow and polymer notes having extra security features to make them harder to fake, what should you be looking out for to find if your cash is phony?
First, let's look at how to identify a phony paper banknote. If you're specifically interested in finding phony plastic notes, scroll directly to point 8.
These are printed on a special material, so ensure you examine how the paper feels.
A real banknote has a cloth-like feel, while a fake note will feel more like standard paper.
₤ 50 banknote (Image: Bank of England).
2. Raised print.
Run your finger across the paper note and if it's genuine, you must have the ability to feel the raised print on locations such as the words 'Bank of England' on the front.
If it's a fake, the note is not likely to have a textured feel to it and will feel flat all over.
3. Examine the metallic thread.
A metallic thread is embedded in every paper banknote.
This appears as silver dashes on the back of paper ₤ 20 and ₤ 50 notes (see more information on spotting fake paper ₤ 20 notes on this Bank of England page).
The thread is woven through the paper-- not just printed on-- so when you hold it up to the light it ought to appear as a continuous dark line.
This appears as brilliant green dashes on the front of ₤ 50 notes.
Each dash is really a window which includes images of the '₤' symbol and the number '50'. When the note is tilted from side to side, the images move up and down.
When the note is slanted up and down, the images move from side to side and the number '50' and '₤' sign swap locations.
4. Examine the watermark.
If you hold an authentic note as much as the light, you must see an image of the Queen's portrait.
However, if you can still see the watermark when the note is flat and not held up to the light, it's most likely to be a dodgy note.
5. Examine counterfeit money for sale the print quality.
The printed lines and colours on real notes will be detailed and sharp and complimentary from spots or blurred edges. So make sure you inspect the information carefully.
If the quality is bad or untidy, you've got yourself a fake!
6. Check under ultra-violet light.
This isn't so useful if you have actually simply been provided a banknote in a store, but if you're actually identified to discover whether your note is fake or authentic, put it under ultra-violet light.
If it's the genuine deal, its value will appear in brilliant red and green numbers while the background will be dull on the other hand.
The paper ₤ 20 and ₤ 50 notes likewise have intense red and green flecks arbitrarily topped the front and back of the note.
7. Use a magnifying glass.
Utilize a magnifying glass to look closely at the lettering beneath the Queen's picture. On a genuine note, ornamental swirls spell out the value of the note in little letters and numerals.