1. Finding a phony paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have entirely replaced paper notes since 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 actually issued a ₤ 50 polymer note.
But with paper notes still in blood circulation and polymer notes having additional safety functions to make them more difficult to counterfeit, what should you be watching out for to identify if your money is fake?
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 an unique product, so make sure you check how the paper feels.
An authentic 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 throughout the paper note and if it's real, you should be able 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. 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 continuous dark line.
This appears as bright green dashes on the front of ₤ 50 notes.
Each dash is really 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 slanted up and down, the images move from side to side and the number '50' and '₤' sign swap locations.
4. Examine the watermark.
If you hold a real note approximately the light, you must 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. 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 bad or messy, you have actually obtained a fake!
6. Examine under ultra-violet light.
This isn't so handy if you've simply been offered a banknote in a shop, however if you're actually identified to discover whether your note is fake or real, put it under ultra-violet light.
If it's the Buy fake money genuine deal, 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 intense red and green flecks arbitrarily topped the front and back of the note.
7. Use a magnifying glass.
Utilize a magnifying glass to look closely at the lettering beneath the Queen's picture. On an authentic note, ornamental swirls define the value of the note in little letters and numerals.