1. Spotting a fake paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have completely changed paper notes since 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 anticipates to have actually released a ₤ 50 polymer note.
However with paper notes still in flow and polymer notes having extra security features to make them more difficult to counterfeit, what should you be keeping an eye out for to identify if your money is phony?
First, let's look at how to identify a fake paper banknote. If you're specifically interested in spotting fake plastic notes, scroll straight to point 8.
These are printed on an unique product, so make certain 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 genuine, you should be able 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. Inspect the metallic thread.
A metal thread is embedded in every paper banknote.
This looks like 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 approximately the light it should appear as a continuous dark line.
This appears as 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 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 '₤' symbol swap places.
4. Check the watermark.
If you hold an authentic note as much as the light, you must see a picture of the Queen's portrait.
Nevertheless, 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. Check the print quality.
The printed lines and colours on genuine notes will be detailed and sharp and devoid of smudges or blurred edges. So make sure you check the detail thoroughly.
If the quality is poor or untidy, you've got yourself a phony!
6. Check under ultra-violet light.
This isn't so helpful if you've just been provided a banknote in a shop, but if you're actually identified to discover out whether your note is fake or authentic, put it under ultra-violet light.
If it's the Buy counterfeit money online genuine offer, its value will appear in intense 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 arbitrarily spread over the front and back of the note.
7. Use a magnifying glass.
Utilize 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 little letters and characters.