1. Spotting a phony paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have actually entirely changed paper notes considering that 2018, while this year has seen the release of polymer ₤ 20 notes into blood 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.
However with paper notes still in circulation and polymer notes having extra security features to make them more difficult to counterfeit, what should you be keeping an eye out for to find if your money is fake?
Initially, let's look at how to identify a fake paper banknote. If you're particularly thinking about finding fake plastic notes, scroll straight to point 8.
These are printed on an unique material, so ensure you examine 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 authentic, you need to be able to feel the raised print on areas 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 details on identifying 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 actually a window which contains 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 tilted up and down, the images move from side to side and the number '50' and '₤' symbol swap locations.
4. Examine the watermark.
If you hold a real note as much as the light, you must see a picture 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. Inspect the print quality.
The printed lines and colours on authentic notes will be detailed and sharp and totally free from spots or blurred edges. So make certain you inspect the detail thoroughly.
If the quality is bad or messy, counterfeit money for sale you've obtained a phony!
6. Inspect under ultra-violet light.
This isn't so handy if you have actually just been offered a banknote in a store, but if you're actually determined to discover out whether your note is fake or real, put it under ultra-violet light.
If it's the genuine deal, 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 intense red and green flecks randomly 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 beneath the Queen's picture. On a genuine note, decorative swirls define the worth of the note in small letters and characters.