1. Spotting a phony paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have actually completely changed 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 anticipates to have provided a ₤ 50 polymer note.
However with paper notes still in circulation and polymer notes having additional security functions to make them harder to counterfeit, what should you be keeping an eye out for to spot if your money is phony?
Initially, let's look at how to spot a fake paper banknote. If you're particularly thinking about finding fake plastic notes, scroll directly to point eight.
These are printed on a special material, so ensure you check how the paper feels.
A real banknote has a cloth-like feel, while a phony note will feel more like basic 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 areas 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. Examine the metallic thread.
A metallic thread is embedded in every paper banknote.
This looks like silver dashes on the back of paper ₤ 20 and ₤ 50 notes (see more details on identifying phony paper ₤ 20 notes on this Bank of England page).
The thread is woven Fake money that looks and feels real through the paper-- not simply printed on-- so when you hold it up to the light it should appear as a constant dark line.
This looks like brilliant green dashes on the front of ₤ 50 notes.
Each dash is in fact a window which consists of pictures of the '₤' sign and the number '50'. When the note is slanted 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 up to the light, you ought to see a picture of the Queen's portrait.
However, 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. Inspect the print quality.
The printed lines and colours on genuine notes will be detailed and sharp and totally free from smudges or blurred edges. So make certain you inspect the information thoroughly.
If the quality is bad or unpleasant, you've obtained a phony!
6. Inspect under ultra-violet light.
This isn't so useful if you've simply been offered a banknote in a store, but if you're really figured out to learn whether your note is fake 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 ₤ 50 notes also have bright red and green flecks arbitrarily spread out over the front and back of the note.
7. Use a magnifying glass.
Utilize a magnifying glass to look closely at the lettering below the Queen's portrait. On a real note, decorative swirls spell out the value of the note in small letters and numerals.