1. Identifying 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 expects to have actually issued a ₤ 50 polymer note.
But with paper notes still in blood circulation and polymer notes having additional safety functions to make them more difficult to counterfeit, what should you be watching out for to identify if your money is fake?
Initially, let's take a look at how to spot a fake paper banknote. If you're specifically thinking about identifying fake plastic notes, scroll straight to point eight.
These are printed on an unique 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 metallic 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 thread is woven through the paper-- not simply printed on-- so when you hold it approximately the light it need to look like a constant dark line.
This looks like intense green dashes counterfeit money for sale on the front of ₤ 50 notes.
Each dash is in fact a window which consists of 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 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 authentic notes will be detailed and sharp and totally free from smudges or blurred edges. So make sure you check the information thoroughly.
If the quality is bad or untidy, you've obtained a phony!
6. Inspect under ultra-violet light.
This isn't so useful if you've simply been provided a banknote in a store, however if you're truly 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 intense red and green numbers while the background will be dull on the other hand.
The paper ₤ 20 and ₤ 50 notes also have brilliant red and green flecks arbitrarily topped the front and back of the note.
7. Utilize a magnifying glass.
Utilize a magnifying glass to look carefully at the lettering below the Queen's portrait. On a genuine note, ornamental swirls spell out the worth of the note in little letters and numerals.