1. Finding a phony paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have actually completely changed paper notes given that 2018, while this year has 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 provided a ₤ 50 polymer note.
However with paper notes still in flow and polymer notes having additional security functions to make them harder to fake, what should you be keeping an eye out for to find if your cash is phony?
Initially, let's look at how to identify a phony paper banknote. If you're specifically interested in identifying phony plastic notes, scroll straight to point eight.
These are printed on a special product, so make certain you check how the paper feels.
An authentic 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 authentic, 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 fake, the note is not likely to have a textured feel to it and will feel flat all over.
3. Examine the metal 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 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 ought to appear as a constant dark line.
This looks like intense green dashes on the front of ₤ 50 notes.
Each dash is actually a window which includes images of the '₤' symbol 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 '₤' symbol 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 portrait.
However, if you Buy counterfeit money online 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 complimentary from spots or blurred edges. So ensure you check the information thoroughly.
If the quality is bad or untidy, you've got yourself a fake!
6. Check under ultra-violet light.
This isn't so handy if you have actually just been given a banknote in a store, but 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 intense 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 randomly topped the front and back of the note.
7. Use a magnifying glass.
Use a magnifying glass to look carefully at the lettering below the Queen's picture. On an authentic note, ornamental swirls spell out the value of the note in little letters and numerals.