1. Spotting a fake paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have totally replaced paper notes since 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 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 keeping an eye out for to spot if your cash is phony?
Initially, let's look at how to find a phony paper banknote. If you're particularly interested in identifying phony plastic notes, scroll straight to point eight.
These are printed on a special material, so make certain you examine 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 across the paper note and if it's authentic, you must 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 unlikely 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 ought to appear as a continuous dark line.
This appears as bright green dashes on the front of ₤ 50 notes.
Each dash is actually a window which contains images counterfeit money for sale 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 slanted up and down, the images move from side to side and the number '50' and '₤' sign swap places.
4. Inspect the watermark.
If you hold an authentic note up to the light, you ought to 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 genuine notes will be detailed and sharp and devoid of smudges or blurred edges. So make certain you examine the detail carefully.
If the quality is bad or unpleasant, you have actually got yourself a phony!
6. Examine under ultra-violet light.
This isn't so helpful if you've just been offered a banknote in a store, but if you're actually figured out to discover whether your note is fake or real, put it under ultra-violet light.
If it's the genuine 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. Use a magnifying glass.
Utilize a magnifying glass to look carefully at the lettering beneath the Queen's picture. On an authentic note, ornamental swirls define the value of the note in little letters and numerals.