1. Spotting a phony paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have entirely replaced paper notes considering that 2018, while this year has actually seen the release of polymer ₤ 20 notes into circulation.
All notes will be polymer by the end of 2021, when the Bank of England expects 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 more difficult to fake, what should you be watching out for to find if your money is fake?
First, let's take a look at how to identify a phony paper banknote. If you're particularly thinking about finding phony plastic notes, scroll directly to point eight.
These are printed on an unique material, so ensure 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 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. 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 information on finding 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 must appear as a continuous dark line.
This looks like intense green dashes on the front of ₤ 50 notes.
Each dash is actually a window which consists of images of the '₤' symbol and the number '50'. When the note is tilted 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 places.
4. Inspect the watermark.
If you hold a real note up to the light, you must see a picture of the Queen's picture.
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 fake money for sale will be detailed and sharp and devoid of smudges or blurred edges. So ensure you examine the detail thoroughly.
If the quality is poor or unpleasant, you've obtained a fake!
6. Check under ultra-violet light.
This isn't so convenient if you've simply been offered a banknote in a shop, however if you're actually identified to discover out whether your note is fake or genuine, put it under ultra-violet light.
If it's the real deal, its worth will appear in intense red and green numbers while the background will be dull on the other hand.
The paper ₤ 20 and ₤ 50 notes likewise have intense red and green flecks arbitrarily topped the front and back of the note.
7. Utilize a magnifying glass.
Use a magnifying glass to look carefully at the lettering beneath the Queen's picture. On a genuine note, decorative swirls spell out the worth of the note in small letters and numerals.