1. Finding a fake paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have totally replaced paper notes given 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 expects to have released a ₤ 50 polymer note.
But with paper notes still in flow and polymer notes having extra security features to make them harder to counterfeit, what should you be looking out for to spot if your cash is phony?
Initially, let's take a look at how to spot a fake paper banknote. If you're particularly thinking about identifying fake plastic notes, scroll straight to point eight.
These are printed on an unique 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 need to 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. 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 info 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 look like a constant dark line.
This looks like brilliant green dashes on the front of ₤ 50 notes.
Each dash is really a window which includes 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 tilted 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 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 complimentary from spots or blurred edges. So ensure you check the information thoroughly.
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 simply been given a banknote in a store, however if you're really determined to discover out whether your note is fake or genuine, 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 counterfeit money for sale ₤ 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 value of the note in little letters and numerals.