1. Finding a phony paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have actually completely changed 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 fake plastic notes, scroll straight to point eight.
These are printed on a special product, so make certain you check how the paper feels.
A genuine banknote has a cloth-like feel, while a phony 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 genuine, you ought 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 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 intense 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 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 as much as the light, you ought to see an image 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 likely to be a dodgy note.
5. Inspect the print quality.
The printed lines and colours on authentic notes will be detailed and sharp and devoid of smudges or blurred edges. So make certain you examine the detail thoroughly.
If the quality is bad or messy, you have actually obtained a fake!
6. Inspect under ultra-violet light.
This isn't so useful if you have actually simply been provided a banknote in a shop, but if you're truly determined to discover whether your note is fake or authentic, put it under ultra-violet light.
If it's the genuine deal, its worth will appear in intense red Buy fake money and green numbers while the background will be dull on the other hand.
The paper ₤ 20 and ₤ 50 notes also have intense 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 underneath the Queen's picture. On a genuine note, ornamental swirls define the worth of the note in little letters and characters.