1. Identifying a fake paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have totally replaced paper notes considering that 2018, while this year has 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 provided a ₤ 50 polymer note.
However with paper notes still in circulation and polymer notes having additional security functions to make them harder to counterfeit, what should you be keeping an eye out for to spot if your money is fake?
Initially, let's take a look at how to identify a fake paper banknote. If you're specifically thinking about identifying phony plastic notes, scroll straight to point eight.
These are printed on a special material, 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 authentic, you need to have the ability 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. 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 details on spotting 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 as much as the light it must look like a constant 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 counterfeit money for sale 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 '₤' sign swap locations.
4. Examine the watermark.
If you hold a real note approximately 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 likely to be a dodgy note.
5. Examine the print quality.
The printed lines and colours on real notes will be detailed and sharp and devoid of spots or blurred edges. So ensure you check the detail thoroughly.
If the quality is bad or untidy, 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 actually figured out to discover whether your note is fake or real, put it under ultra-violet light.
If it's the genuine deal, its worth will appear in intense red and green numbers while the background will be dull in contrast.
The paper ₤ 20 and ₤ 50 notes also have intense red and green flecks randomly topped the front and back of the note.
7. Utilize a magnifying glass.
Use a magnifying glass to look carefully at the lettering below the Queen's portrait. On a real note, decorative swirls define the worth of the note in small letters and characters.