1. Spotting a fake paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have actually entirely replaced paper notes considering that 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 actually issued a ₤ 50 polymer note.
But with paper notes still in circulation and polymer notes having additional security features to make them harder to fake, what should you be keeping an eye out for to find if your money is phony?
First, let's take a look at how to identify a phony paper banknote. If you're specifically interested in identifying fake plastic notes, scroll directly to point 8.
These are printed on a special product, so make sure you examine how the paper feels.
An authentic 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 real, you need 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. Check the metal 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 info on spotting fake paper ₤ 20 notes on this Bank of England page).
The thread is woven through the paper-- not simply printed on-- so when you hold it up to the light it need to appear as a constant dark line.
This looks like intense green dashes on the front of ₤ 50 notes.
Each dash is in fact a window which consists of 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 '₤' symbol swap locations.
4. Examine the watermark.
If you hold a real note approximately the light, you should see an image of the Queen's portrait.
However, 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. Check the print quality.
The printed lines and colours on genuine notes will be detailed and sharp and devoid of spots or blurred edges. So make certain you examine the detail carefully.
If the quality is bad or unpleasant, you have actually obtained a fake!
6. Check under ultra-violet light.
This isn't so useful if you've just been Buy fake money offered a banknote in a store, however if you're really determined to find out whether your note is phony or authentic, put it under ultra-violet light.
If it's the real 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 also have intense red and green flecks randomly spread 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 a genuine note, ornamental swirls spell out the worth of the note in small letters and characters.