1. Identifying 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 expects to have actually issued a ₤ 50 polymer note.
However with paper notes still in circulation and polymer notes having additional 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 find a phony paper banknote. If you're particularly interested in spotting fake plastic notes, scroll directly to point 8.
These are printed on a special product, so make certain you check how the paper feels.
A genuine banknote has a cloth-like feel, while a fake 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 counterfeit, the note is unlikely to have a textured feel to it and will feel flat all over.
3. Inspect the metallic thread.
A metal 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 finding 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 as much as the light it should appear as a constant dark line.
This appears as bright green dashes on the front of ₤ 50 notes.
Each dash is really a window which contains pictures of the '₤' sign and the number '50'. When the note is slanted from side to side, the images go 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. Inspect the watermark.
If you hold an authentic note as much as the light, you ought to see an image of the Queen's picture.
However, if you can still see the watermark when the note is flat and not held Buy fake money up to the light, it's likely to be a dodgy note.
5. Examine the print quality.
The printed lines and colours on real notes will be detailed and sharp and devoid of smudges or blurred edges. So ensure you check the detail carefully.
If the quality is bad or unpleasant, you have actually got yourself a fake!
6. Examine under ultra-violet light.
This isn't so convenient if you have actually just been given 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 genuine deal, its value will appear in intense 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 arbitrarily topped the front and back of the note.
7. Utilize a magnifying glass.
Use a magnifying glass to look closely at the lettering underneath the Queen's portrait. On a genuine note, ornamental swirls spell out the worth of the note in little letters and characters.