1. Spotting a phony 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 security features to make them harder to fake, what should you be keeping an eye out for to spot if your money 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 a special product, 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 across the paper note and if it's authentic, you must have the ability to feel the raised print on locations 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. 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 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 up to the light it should appear as a continuous dark line.
This appears as bright 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 '₤' symbol swap places.
4. Check the watermark.
If you hold a genuine note up to the light, you should 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 likely to be a dodgy note.
5. Check the print quality.
The printed lines and colours on genuine notes will be detailed and sharp and devoid of spots or blurred edges. So make certain you inspect the detail carefully.
If the quality is poor or unpleasant, you have actually got yourself a fake!
6. Examine 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 really determined to discover whether your note is phony or genuine, put it under ultra-violet light.
If it's the genuine offer, its value will appear in intense red and green numbers while the background will be dull on the other hand.
The paper ₤ 20 and ₤ Buy counterfeit money online 50 notes also have bright red and green flecks arbitrarily topped the front and back of the note.
7. Utilize a magnifying glass.
Utilize a magnifying glass to look closely at the lettering below the Queen's picture. On an authentic note, decorative swirls spell out the worth of the note in small letters and characters.