1. Finding a phony paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have actually 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 blood circulation and polymer notes having extra security functions to make them more difficult to counterfeit, what should you be looking out for to find if your cash is phony?
First, let's look at how to identify a phony paper banknote. If you're specifically interested in identifying phony plastic notes, scroll straight to point eight.
These are printed on a special product, so make certain you check how the paper feels.
An authentic banknote has a cloth-like feel, while a phony 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 fake, the note is not likely to have a textured feel to it and will feel flat all over.
3. Examine 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 information on spotting 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 Fake money that looks and feels real up to the light it ought to 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 must see an image 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 most 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 inspect the detail thoroughly.
If the quality is bad or untidy, you've got yourself a phony!
6. Inspect under ultra-violet light.
This isn't so helpful if you've simply been offered a banknote in a store, but if you're actually 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 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. Use a magnifying glass.
Utilize a magnifying glass to look carefully at the lettering underneath the Queen's picture. On a real note, ornamental swirls define the value of the note in small letters and characters.