1. Spotting a fake paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have actually totally replaced 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 anticipates to have actually released a ₤ 50 polymer note.
However with paper notes still in blood circulation and polymer notes having extra security features to make them harder to fake, what should you be keeping an eye out for to spot if your cash is fake?
First, let's look at how to identify a fake paper banknote. If you're specifically thinking about identifying fake plastic notes, scroll straight to point 8.
These are printed on a special product, so ensure you inspect how the paper feels.
A genuine banknote has a cloth-like feel, while a phony 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 must 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 not likely to have a textured feel to it and will feel flat all over.
3. Examine the metallic thread.
A metal thread is embedded in every paper banknote.
This appears as silver dashes on the back of paper ₤ 20 and ₤ 50 notes (see more info 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 up to the light it should appear as a constant dark line.
This looks like brilliant green dashes on the front of ₤ 50 notes.
Each dash is actually a window which consists of pictures of the '₤' symbol and the number '50'. When the note is tilted from side to side, the images go up and down.
When Fake money that looks and feels real the note is slanted 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 genuine note as much as the light, you need 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. 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 ensure you inspect the detail carefully.
If the quality is poor or messy, you have actually obtained a phony!
6. Examine under ultra-violet light.
This isn't so handy if you've simply been given a banknote in a store, but if you're truly figured out to discover out whether your note is fake or real, put it under ultra-violet light.
If it's the genuine deal, its worth will appear in brilliant red and green numbers while the background will be dull on the other hand.
The paper ₤ 20 and ₤ 50 notes likewise have brilliant red and green flecks randomly spread over the front and back of the note.
7. Utilize a magnifying glass.
Utilize a magnifying glass to look closely at the lettering beneath the Queen's picture. On a genuine note, decorative swirls define the value of the note in little letters and numerals.