1. Finding a phony paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have actually entirely replaced paper notes since 2018, while this year has actually seen the release of polymer ₤ 20 notes into circulation.
All notes will be polymer by the end of 2021, when the Bank of England expects to have actually issued a ₤ 50 polymer note.
But with paper notes still in blood circulation and polymer notes having additional safety functions to make them more difficult to counterfeit, what should you be watching out for to identify if your money is fake?
First, let's take a look at how to identify a fake paper banknote. If you're specifically thinking about identifying phony plastic notes, scroll straight to point eight.
These are printed on a special product, so make certain you examine 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 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 looks like silver dashes on the back of paper ₤ 20 and ₤ 50 notes (see more details on spotting 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 up to the light it ought to appear as a continuous dark line.
This counterfeit money for sale appears as brilliant green dashes on the front of ₤ 50 notes.
Each dash is really a window which includes pictures 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. Check 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 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 devoid of spots or blurred edges. So make sure you check the detail carefully.
If the quality is poor or messy, you have actually obtained a phony!
6. Check 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 really determined to learn whether your note is phony or genuine, 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 brilliant red and green flecks arbitrarily spread over the front and back of the note.
7. Utilize a magnifying glass.
Use a magnifying glass to look closely at the lettering underneath the Queen's picture. On a genuine note, ornamental swirls define the worth of the note in small letters and characters.