1. Identifying a phony paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have actually entirely replaced paper notes because 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 expects to have actually issued a ₤ 50 polymer note.
But with paper notes still in flow and polymer notes having extra security functions to make them more difficult to counterfeit, what should you be looking out for to find if your cash is phony?
Initially, let's take a look at how to identify a fake paper banknote. If you're specifically interested in spotting fake plastic notes, scroll straight to point eight.
These are printed on a special product, so make certain you check how the paper feels.
A real banknote has a cloth-like feel, while a fake note will feel more like standard paper.
₤ 50 banknote (Image: Bank of England).
2. Raised print.
Run your finger across the paper note and if it's genuine, you must 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 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 appears as silver dashes on the back of paper ₤ 20 and ₤ 50 notes (see more information on identifying 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 need to look like a constant dark line.
This looks like intense green dashes on the front of ₤ 50 notes.
Each dash is really a window which consists of 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 '₤' sign swap places.
4. Inspect the watermark.
If you hold an authentic note as much as the light, you should see a picture 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 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 complimentary from spots or blurred edges. So ensure you examine the detail carefully.
If the quality is bad or messy, you have actually obtained a fake!
6. Check under ultra-violet light.
This isn't so helpful if you've simply been given a banknote in a shop, however if you're actually identified to discover out whether your note is fake or real, put it under ultra-violet light.
If it's the real offer, its worth will appear in intense red and green numbers while the background will be dull on the other Buy fake money hand.
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 carefully at the lettering beneath the Queen's portrait. On an authentic note, decorative swirls spell out the value of the note in small letters and numerals.