1. Spotting a fake paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have entirely replaced paper notes given 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 actually released a ₤ 50 polymer note.
But 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 spot a fake paper banknote. If you're particularly thinking about spotting fake plastic notes, scroll straight to point eight.
These are printed on an unique 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 standard paper.
₤ 50 banknote (Image: Bank of England).
2. Raised print.
Run your finger throughout the paper note and if it's authentic, you should 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 finding 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 looks like brilliant green dashes on the front of ₤ 50 notes.
Each dash is really a window which includes 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 locations.
4. Examine the watermark.
If you hold a real note approximately the light, you must see a picture 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 counterfeit money for sale 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 free from smudges or blurred edges. So make sure you examine the detail thoroughly.
If the quality is poor or messy, you've obtained a phony!
6. Check under ultra-violet light.
This isn't so useful if you have actually just been offered a banknote in a shop, but if you're truly identified to find out whether your note is fake or genuine, 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 likewise have brilliant red and green flecks arbitrarily spread over the front and back of the note.
7. Use a magnifying glass.
Utilize a magnifying glass to look closely at the lettering beneath the Queen's picture. On an authentic note, decorative swirls define the value of the note in little letters and numerals.