1. Identifying a phony paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have actually totally replaced paper notes given 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 actually issued a ₤ 50 polymer note.
However with paper notes still in flow and polymer notes having extra security functions to make them harder to counterfeit, what should you be keeping an eye out for to identify if your money is fake?
Initially, let's look at how to spot a fake paper banknote. If you're particularly thinking about spotting phony plastic notes, scroll straight to point 8.
These are printed on an unique product, so ensure you check how the paper feels.
A real 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 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 metallic 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 info on identifying phony 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 approximately the light it need to look like a constant dark line.
This looks like intense green dashes on the front of ₤ 50 notes.
Each dash is in fact a window which consists of pictures of the '₤' symbol 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 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.
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. Examine 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 sure you check the detail thoroughly.
If the quality is poor or untidy, you've got yourself a phony!
6. Inspect under ultra-violet light.
This isn't so helpful if you've simply been offered a banknote in a store, however if you're truly identified to find out whether your note is phony or authentic, put it under ultra-violet light.
If it's the real deal, its worth will appear in brilliant red and green numbers while the background will be dull in contrast.
The paper ₤ 20 and ₤ 50 notes likewise have brilliant red and green flecks randomly topped the front and back of the note.
7. Utilize a magnifying glass.
Use a magnifying glass to look carefully at the lettering below the Queen's picture. On an authentic note, decorative swirls define the value Buy fake money of the note in little letters and characters.