1. Spotting a phony paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have actually completely changed paper notes because 2018, while this year has seen the release of polymer ₤ 20 notes into circulation.
All notes will be polymer by the end of 2021, when the Bank of England anticipates to have provided a ₤ 50 polymer note.
However with paper notes still in circulation and polymer notes having extra safety functions to make them harder to fake, what should you be keeping an eye out for to identify if your cash is fake?
First, let's take a look at how to spot a fake paper banknote. If you're specifically thinking about finding fake plastic notes, scroll directly to point 8.
These are printed on a special product, so make certain you check how the paper feels.
A genuine banknote has a cloth-like feel, while a fake note will feel more like basic paper.
₤ 50 banknote (Image: Bank of England).
2. Raised print.
Run your finger throughout the paper note and if it's real, you should be able to feel the raised print on areas 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 metal 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 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 need to look like a constant dark line.
This looks like intense green dashes on the front of ₤ 50 notes.
Each dash is in fact a window which consists of pictures of the '₤' sign and the number '50'. When the note Buy fake money 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 places.
4. Check the watermark.
If you hold a genuine note approximately the light, you should see a picture 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 quality.
The printed lines and colours on genuine notes will be detailed and sharp and free from spots or blurred edges. So make certain you examine the detail carefully.
If the quality is poor or messy, you've got yourself a fake!
6. Check under ultra-violet light.
This isn't so convenient if you have actually just been given 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 genuine deal, 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 out over 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 small letters and characters.