1. Finding a fake paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have actually entirely replaced paper notes because 2018, while this year has actually 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 provided a ₤ 50 polymer note.
But with paper notes still in circulation and polymer notes having extra safety functions to make them more difficult to fake, what should you be looking out for to identify if your money is phony?
First, let's take a look at how to find a fake paper banknote. If you're particularly interested in spotting phony plastic notes, scroll straight to point eight.
These are printed on an unique product, so make certain you check how the paper feels.
An authentic 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 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 metal thread.
A metal 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 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 pictures 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 locations.
4. Examine the watermark.
If you hold a real note approximately the light, you need to see a picture of the Queen's picture.
However, if you can still see the watermark when the note is flat and not held up to counterfeit money for sale 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 free from spots or blurred edges. So make certain you inspect the detail carefully.
If the quality is bad or unpleasant, you have actually got yourself a fake!
6. Examine under ultra-violet light.
This isn't so convenient if you have actually just been given a banknote in a store, but if you're truly determined to find out whether your note is fake or authentic, put it under ultra-violet light.
If it's the genuine deal, its value will appear in brilliant red and green numbers while the background will be dull in contrast.
The paper ₤ 20 and ₤ 50 notes likewise have intense red and green flecks randomly topped the front and back of the note.
7. Utilize a magnifying glass.
Utilize a magnifying glass to look closely at the lettering beneath the Queen's portrait. On a real note, ornamental swirls spell out the worth of the note in little letters and numerals.