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 actually 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?
Initially, let's take a look at how to find a fake paper banknote. If you're specifically interested in identifying fake plastic notes, scroll directly to point 8.
These are printed on a special material, so ensure you inspect how the paper feels.
A real 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 across the paper note and if it's authentic, you ought to 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. Check 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 bright green dashes on the front of ₤ 50 notes.
Each dash Fake money that looks and feels real is actually a window which contains images of the '₤' symbol 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 places.
4. Inspect the watermark.
If you hold a genuine note up to the light, you should 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 genuine notes will be detailed and sharp and devoid of smudges or blurred edges. So make certain you examine the detail carefully.
If the quality is poor or unpleasant, you have actually got yourself a phony!
6. Examine under ultra-violet light.
This isn't so helpful if you've just been offered a banknote in a store, but if you're actually figured out to learn whether your note is fake or real, put it under ultra-violet light.
If it's the genuine deal, its worth will appear in brilliant red and green numbers while the background will be dull in contrast.
The paper ₤ 20 and ₤ 50 notes likewise have brilliant red and green flecks randomly spread out over the front and back of the note.
7. Use a magnifying glass.
Utilize a magnifying glass to look carefully at the lettering beneath the Queen's picture. On an authentic note, decorative swirls define the value of the note in little letters and numerals.