1. Identifying a phony 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 expects to have actually provided a ₤ 50 polymer note.
However with paper notes still in circulation and polymer notes having additional security features to make them harder to fake, what should you be looking out for to find if your cash 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 directly to point 8.
These are printed on a special material, so ensure 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 need to 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 metal 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 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 should look like 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 '₤' symbol and the number '50'. When the note is slanted from side to side, the images move 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 locations.
4. Inspect the watermark.
If you hold an authentic note as much as the light, you must 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 likely to be a dodgy note.
5. Check the print Fake money that looks and feels real quality.
The printed lines and colours on genuine notes will be detailed and sharp and devoid of spots or blurred edges. So ensure you inspect the detail carefully.
If the quality is bad or unpleasant, you have actually got yourself a fake!
6. Inspect under ultra-violet light.
This isn't so useful if you've just been offered a banknote in a store, however if you're truly identified to learn whether your note is fake or real, 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 intense red and green flecks arbitrarily spread out over the front and back of the note.
7. Use a magnifying glass.
Use a magnifying glass to look carefully at the lettering below the Queen's portrait. On a real note, decorative swirls spell out the value of the note in small letters and numerals.