1. Finding a phony paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have totally replaced paper notes considering that 2018, while this year has actually 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 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 interested in identifying phony plastic notes, scroll directly to point eight.
These are printed on a special material, so ensure you examine how the paper feels.
A real 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 counterfeit, 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 must appear as a continuous dark line.
This appears as brilliant green dashes on the front of ₤ 50 notes.
Each dash is really a window which includes images 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 slanted up and down, the images move from side to side and the number '50' and '₤' sign swap locations.
4. Examine the watermark.
If you hold an authentic note as much as the light, you must 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 most likely to be a dodgy note.
5. Examine the counterfeit money for sale 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 check the information thoroughly.
If the quality is poor or messy, you've obtained a phony!
6. Inspect under ultra-violet light.
This isn't so handy if you have actually 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 worth will appear in bright red and green numbers while the background will be dull on the other hand.
The paper ₤ 20 and ₤ 50 notes likewise have bright 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, decorative swirls define the value of the note in little letters and numerals.