1. Spotting a phony paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have completely replaced paper notes because 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.
But with paper notes still in blood circulation and polymer notes having additional safety functions to make them harder to fake, what should you be watching out for to identify if your money is phony?
Initially, let's take a look at how to identify a fake paper banknote. If you're specifically thinking about identifying fake plastic notes, scroll straight to point 8.
These are printed on an unique product, so make certain you examine how the paper feels.
A genuine banknote has a cloth-like feel, while a phony 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 genuine, 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 fake, the note is not likely to have a textured feel to it and will feel flat all over.
3. Inspect the metal thread.
A metal 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 just printed on-- so when you hold it as much as the light it must look like a continuous dark line.
This appears as intense green dashes on the front of ₤ 50 notes.
Each dash is actually a window which contains 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 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 an authentic note approximately the light, you need to 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 real notes will be detailed and sharp and devoid of smudges or blurred edges. So make sure you inspect the detail carefully.
If the quality is bad or untidy, you have actually got yourself a fake!
6. Examine under ultra-violet light.
This isn't so useful if you've simply been provided a banknote in a shop, however if you're really determined to learn whether your note is phony or authentic, put it under ultra-violet light.
If it's the genuine offer, its value will appear in bright red and green numbers while the background will be dull on the other hand.
The paper ₤ 20 and ₤ 50 notes also have brilliant red and green flecks arbitrarily spread over the front and back Fake money that looks and feels real of the note.
7. Utilize a magnifying glass.
Utilize a magnifying glass to look closely at the lettering underneath the Queen's portrait. On an authentic note, ornamental swirls spell out the worth of the note in little letters and numerals.