1. Identifying a fake paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have totally changed paper notes since 2018, while this year has seen the release of polymer ₤ 20 notes into flow.
All notes will be polymer by the end of 2021, when the Bank of England anticipates to have actually released a ₤ 50 polymer note.
However with paper notes still in blood circulation and polymer notes having additional safety functions to make them harder to counterfeit, what should you be looking out for to identify if your money is fake?
Initially, let's look at how to spot a phony paper banknote. If you're particularly thinking about spotting fake plastic notes, scroll directly to point 8.
These are printed on an unique product, so make sure you check how the paper feels.
An authentic banknote has a cloth-like feel, while a phony note will feel more like basic paper.
₤ 50 banknote (Image: Bank of England).
2. Raised print.
Run your finger throughout the paper note and if it's real, you should be able to feel the raised print on areas 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. Check the metallic thread.
A metallic thread is embedded in every paper banknote.
This looks like silver dashes on the back of paper ₤ 20 and ₤ 50 notes (see more details on identifying 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 approximately the light it should appear as a continuous dark line.
This appears as bright 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 '₤' symbol swap locations.
4. Inspect the watermark.
If you hold a genuine note approximately the light, you must see a picture of the Queen's picture.
Nevertheless, if you can still see the watermark when the note is flat and not held up to the light, it's likely to be a dodgy note.
5. Inspect the print quality.
The printed lines and colours on genuine notes will be detailed and sharp fake money for sale and totally free from smudges or blurred edges. So ensure you examine the information carefully.
If the quality is poor or untidy, you've got yourself a fake!
6. Check under ultra-violet light.
This isn't so handy if you've just been given a banknote in a shop, however if you're truly identified to learn whether your note is fake or genuine, 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 also have intense red and green flecks randomly spread over the front and back of the note.
7. Use a magnifying glass.
Use a magnifying glass to look closely at the lettering below the Queen's picture. On a real note, decorative swirls define the worth of the note in small letters and numerals.