1. Spotting a fake paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have actually completely replaced paper notes since 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 issued a ₤ 50 polymer note.
But with paper notes still in flow and polymer notes having additional safety functions to make them harder to counterfeit, what should you be looking out for to find if your cash is phony?
Initially, let's look at how to find a phony paper banknote. If you're particularly thinking about finding phony plastic notes, scroll straight to point 8.
These are printed on a special product, so make certain you inspect how the paper feels.
An authentic 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 across the paper note and if it's real, you must 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 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 looks like silver dashes on the back of paper ₤ 20 and ₤ 50 notes (see more details 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 as much as the light it must look like a constant dark line.
This looks like bright green dashes on the front of ₤ 50 notes.
Each dash is actually a window which includes images of the '₤' sign 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 '₤' sign swap locations.
4. Inspect the watermark.
If you hold a real note up to 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 likely to be a dodgy note.
5. Inspect 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 inspect the detail carefully.
If the quality is poor or unpleasant, you have actually obtained 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 determined to find out whether your note is fake or real, put it under ultra-violet light.
If it's the real deal, its worth will appear in intense red and green numbers while fake money for sale the background will be dull on the other hand.
The paper ₤ 20 and ₤ 50 notes also have bright red and green flecks arbitrarily spread over the front and back of the note.
7. Utilize a magnifying glass.
Utilize a magnifying glass to look closely at the lettering underneath the Queen's picture. On an authentic note, ornamental swirls define the value of the note in little letters and numerals.