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 circulation and polymer notes having extra security features to make them harder to fake, what should you be looking 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 thinking about spotting fake plastic notes, scroll directly to point 8.
These are printed on an unique material, 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 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. Examine 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 counterfeit money for sale a constant dark line.
This looks like brilliant green dashes on the front of ₤ 50 notes.
Each dash is in fact a window which consists of pictures of the '₤' sign and the number '50'. When the note is slanted 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. Check the watermark.
If you hold a real note approximately the light, you need to see a picture of the Queen's picture.
However, if you can still see the watermark when the note is flat and not held up to the light, it's likely to be a dodgy note.
5. Check the print quality.
The printed lines and colours on real notes will be detailed and sharp and complimentary from spots or blurred edges. So ensure you inspect the detail thoroughly.
If the quality is bad or untidy, you've got yourself a phony!
6. Inspect under ultra-violet light.
This isn't so useful if you've simply been provided a banknote in a shop, 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 offer, its value will appear in bright 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. Utilize a magnifying glass.
Utilize a magnifying glass to look closely at the lettering underneath the Queen's portrait. On a real note, ornamental swirls spell out the worth of the note in small letters and characters.