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 actually issued a ₤ 50 polymer note.
But with paper notes still in blood circulation and polymer notes having extra safety features to make them more difficult to fake, what should you be looking out for to find if your cash is phony?
First, let's look at how to find a phony paper banknote. If you're specifically interested in finding phony plastic notes, scroll directly to point 8.
These are printed on an unique material, so make sure you inspect 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 counterfeit, the note is unlikely 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 finding 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 actually a window which contains images 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 counterfeit money for sale side and the number '50' and '₤' symbol swap places.
4. Check the watermark.
If you hold a genuine note approximately the light, you need to see a picture of the Queen's picture.
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. Examine the print quality.
The printed lines and colours on real notes will be detailed and sharp and devoid of spots or blurred edges. So ensure you check the information thoroughly.
If the quality is poor or messy, you have actually obtained 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 really determined to discover whether your note is fake or genuine, put it under ultra-violet light.
If it's the genuine deal, its worth will appear in brilliant 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.
Utilize a magnifying glass to look closely at the lettering underneath the Queen's portrait. On a genuine note, ornamental swirls spell out the value of the note in little letters and numerals.