1. Spotting a fake paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have entirely replaced paper notes since 2018, while this year has actually seen the release of polymer ₤ 20 notes into circulation.
All notes will be polymer by the end of 2021, when the Bank of England anticipates to have provided a ₤ 50 polymer note.
But with paper notes still in flow and polymer notes having extra safety features to make them more difficult to fake, what should you be watching out for to identify if your cash is fake?
First, let's look at how to find a phony paper banknote. If you're specifically interested in finding phony plastic notes, scroll directly to point eight.
These are printed on a special material, so make certain you examine how the paper feels.
A genuine 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 throughout the paper note and if it's real, you ought to be able to feel the raised print on locations such as the words 'Bank of England' on the front.
If it's a counterfeit, the note is not likely to have a textured feel to it and will feel flat all over.
3. Examine the metal thread.
A metal thread is embedded in every paper banknote.
This appears as silver dashes on the back of paper ₤ 20 and ₤ 50 notes (see more info on finding phony paper ₤ 20 notes on this Bank of England page).
The counterfeit money for sale thread is woven through the paper-- not simply printed on-- so when you hold it approximately the light it should look like a constant dark line.
This looks like bright green dashes on the front of ₤ 50 notes.
Each dash is really a window which consists of pictures 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 tilted up and down, the images move from side to side and the number '50' and '₤' sign swap locations.
4. Inspect the watermark.
If you hold an authentic note approximately the light, you should see a picture of the Queen's portrait.
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. Check the print quality.
The printed lines and colours on real notes will be detailed and sharp and free from spots or blurred edges. So ensure you inspect the information carefully.
If the quality is bad or untidy, you've obtained a phony!
6. Examine under ultra-violet light.
This isn't so convenient if you have actually simply been provided a banknote in a store, but if you're truly identified to discover whether your note is fake or genuine, put it under ultra-violet light.
If it's the real 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 spread over the front and back of the note.
7. Utilize a magnifying glass.
Utilize a magnifying glass to look closely at the lettering beneath the Queen's portrait. On a real note, ornamental swirls spell out the worth of the note in small letters and characters.