1. Identifying a fake paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have actually totally changed paper notes considering that 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 anticipates to have provided a ₤ 50 polymer note.
However with paper notes still in flow and polymer notes having extra security features to make them harder to fake, what should you be looking out for to find if your cash is phony?
Initially, let's look at how to find a phony paper banknote. If you're particularly interested in spotting fake plastic notes, scroll directly to point 8.
These are printed on an unique material, 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 throughout the paper note and if it's genuine, you ought to be able 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. Examine the metal thread.
A metal thread is embedded in every paper banknote.
This looks like silver dashes on the back of paper ₤ 20 and ₤ 50 notes (see more details 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 up to the fake money for sale light it should appear as a continuous dark line.
This appears as bright green dashes on the front of ₤ 50 notes.
Each dash is in fact a window which includes 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 tilted up and down, the images move from side to side and the number '50' and '₤' symbol swap places.
4. Check 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 examine the detail thoroughly.
If the quality is poor or messy, you have actually got yourself a phony!
6. Examine under ultra-violet light.
This isn't so helpful if you have actually simply been offered a banknote in a store, however if you're actually determined to find 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 brilliant red and green numbers while the background will be dull on the other hand.
The paper ₤ 20 and ₤ 50 notes also have bright red and green flecks arbitrarily topped 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 picture. On a genuine note, ornamental swirls define the worth of the note in small letters and numerals.