1. Spotting a phony 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 keeping an eye 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 particularly thinking about spotting fake plastic notes, scroll straight to point 8.
These are printed on an unique product, so make sure you inspect 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 across the paper note and if it's genuine, 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 simply printed on-- so when you hold it up to the light it should appear as a constant dark line.
This appears as intense green dashes on the front of ₤ 50 notes.
Each dash is really a window which consists of 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 slanted up and down, the images move from side to side and the number '50' and '₤' sign swap locations.
4. Examine the watermark.
If you hold an authentic note up to the light, you need to 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 likely to be a dodgy note.
5. Check the print quality.
The printed lines and colours on real notes will be detailed and sharp and devoid of spots or blurred edges. So make certain counterfeit money for sale you inspect the detail carefully.
If the quality is bad or unpleasant, you have actually got yourself a phony!
6. Inspect under ultra-violet light.
This isn't so helpful if you have actually just been given a banknote in a store, however if you're truly determined to discover out whether your note is phony or authentic, put it under ultra-violet light.
If it's the genuine deal, its value will appear in bright red and green numbers while the background will be dull on the other hand.
The paper ₤ 20 and ₤ 50 notes likewise have bright red and green flecks arbitrarily topped the front and back of the note.
7. Utilize a magnifying glass.
Utilize a magnifying glass to look closely at the lettering below the Queen's portrait. On an authentic note, ornamental swirls spell out the value of the note in little letters and characters.