1. Spotting a phony paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have completely changed 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 anticipates to have released a ₤ 50 polymer note.
But with paper notes still in flow and polymer notes having extra safety features to make them more difficult to fake, what should you be looking out for to find if your cash is phony?
First, let's look at how to find a phony paper banknote. If you're particularly interested in finding phony plastic notes, scroll directly to point 8.
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 fake, 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. 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.
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. Inspect the print quality.
The printed lines and colours on authentic notes will be detailed and sharp and totally free from smudges or blurred edges. So make sure you examine the information carefully.
If the quality is poor or messy, you have actually obtained a fake!
6. Check under ultra-violet light.
This isn't so handy if you have actually just been counterfeit money for sale given a banknote in a store, however if you're truly determined to discover out whether your note is phony or genuine, put it under ultra-violet light.
If it's the real 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 bright 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 spell out the worth of the note in small letters and numerals.