1. Identifying a fake paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have entirely 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 safety features to make them more difficult to fake, what should you be looking out for to find if your cash is fake?
First, 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 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. Inspect 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 identifying 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 approximately the light it need to look like a constant dark line.
This looks like intense green dashes on the front of ₤ 50 notes.
Each dash is actually a window which contains pictures of the '₤' sign and the number '50'. When the note is slanted from side to side, the images go 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 ought 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. Examine the print quality.
The printed lines and colours on authentic 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 got yourself a phony!
6. Examine under ultra-violet light.
This isn't so useful if Fake money that looks and feels real you have actually simply been offered a banknote in a store, however if you're actually identified to learn whether your note is phony or real, put it under ultra-violet light.
If it's the real offer, its value will appear in bright red and green numbers while the background will be dull in contrast.
The paper ₤ 20 and ₤ 50 notes likewise have brilliant 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 beneath the Queen's picture. On a genuine note, ornamental swirls spell out the value of the note in little letters and numerals.