1. Spotting a fake paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have totally replaced paper notes considering that 2018, while this year has seen the release of polymer ₤ 20 notes into blood circulation.
All notes will be polymer by the end of 2021, when the Bank of England expects to have released a ₤ 50 polymer note.
But with paper notes still in flow and polymer notes having extra security features to make them more difficult to fake, what should you be watching out for to find if your money is fake?
Initially, let's look at how to spot a fake paper banknote. If you're specifically thinking about spotting phony plastic notes, scroll straight to point eight.
These are printed on a special 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 across the paper note and if it's real, you need 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. 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 info on finding fake paper ₤ fake money for sale 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 need to appear as a continuous dark line.
This looks like bright green dashes on the front of ₤ 50 notes.
Each dash is actually a window which contains 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 '₤' symbol swap places.
4. Inspect the watermark.
If you hold an authentic note as much as the light, you need to 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 most likely to be a dodgy note.
5. Inspect the print quality.
The printed lines and colours on genuine notes will be detailed and sharp and devoid of smudges or blurred edges. So ensure you inspect the detail thoroughly.
If the quality is poor or untidy, you've got yourself a fake!
6. Examine under ultra-violet light.
This isn't so handy if you have actually just been given a banknote in a store, but if you're truly identified to learn whether your note is fake or authentic, put it under ultra-violet light.
If it's the real deal, its worth will appear in bright red and green numbers while the background will be dull in contrast.
The paper ₤ 20 and ₤ 50 notes likewise have bright red and green flecks arbitrarily spread out 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 worth of the note in small letters and characters.