1. Identifying a fake paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have actually totally changed paper notes considering that 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 released a ₤ 50 polymer note.
However with paper notes still in circulation and polymer notes having additional security features to make them more difficult to counterfeit, what should you be keeping an eye out for to spot if your money is phony?
Initially, let's look at how to spot a fake paper banknote. If you're particularly interested in spotting fake plastic notes, scroll directly to point 8.
These are printed on an unique material, so make sure you inspect how the paper feels.
A real 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 across the paper note and if it's genuine, 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 fake, 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 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 must look like a constant 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 tilted up and down, the images move from side to side and the number '50' and '₤' symbol swap places.
4. Check the watermark.
If you hold a genuine note as much as the light, you must see an image 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 most likely to be a dodgy note.
5. Inspect the print quality.
The printed lines and colours on real notes will be detailed and sharp and devoid of spots or blurred edges. So ensure you examine the information carefully.
If the quality is poor or messy, you've obtained a phony!
6. Inspect under ultra-violet light.
This isn't so handy if you have actually just been offered a banknote in a store, but if you're really determined to discover whether your note is fake or real, put it under ultra-violet light.
If it's the genuine deal, its worth will counterfeit money for sale 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 bright red and green flecks arbitrarily spread out over 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 an authentic note, ornamental swirls define the value of the note in little letters and numerals.