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 Counterfeit British Pounds

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 new £50 note

first issued polymer £50 on 23 June 2021. It features the scientist Alan Turing.

Exchanging old notes

30 September 2022 is the last day you can spend £20 and £50 notes.

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The new £50 banknote was officially unveiled by Bank of England Governor, Andrew Bailey on 25 March 2021 and features the scientist Alan Turing. However, it didn’t come into general circulation until 23 June 2021, a significant date, as it is Alan Turing’s birthday.

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New £50 note

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It now means that all Bank of England banknotes are available in a polymer form and this new note joins its predecessors, the £5 featuring Winston Churchill, the £10 note with Jane Austen and £20 note displaying JMW Turner. This new note will be very hard to counterfeit making it one of the most secure series of banknotes ever made. An interesting fact is that the higher the value of the note, the larger it is and the new £50 note measures 146mm x 77mm.

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£50 note

What should You know about the new £50 note?

  • Both the new polymer and paper notes should continue to be accepted until 30 September 2022.
  • The former £50 paper notes will be taken out of circulation gradually as they are banked by retailers and the public
  • Staff should be trained on how to spot the differences between real and counterfeit notes
  • A few of the advanced security features should be checked when staff determine if a note is real or counterfeit
  • Staff should know what to do if they suspect a note is counterfeit
  • The Bank of England website has information and free downloadable education materials about the banknotes
  • Engage with banknote machine suppliers to ensure note accepting or dispensing machines will be updated
  • Join the Banknote Checking Scheme

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The new polymer £50 has entered circulation in the UK.

Featuring the scientist Alan Turing, the new polymer note contains advanced security features to help detect against fraudulent notes.

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These include:

  • Tilt the note from side to side. Check the words change between ‘Fifty’ and ‘Pounds’ on the hologram.

  • Look at the metallic image over the main window. Check the foil is gold and green on the front of the note and silver on the back. Within the two gold foil squares on the front of the note, the image changes between ‘50’ and a ‘£’ symbol when the note is tilted. Look for a second, smaller window in the bottom corner of the note.

  • A portrait of the Queen is printed on the window with ’£50 Bank of England’ printed twice around the edge.

  • A silver foil patch contains a 3D image of the coronation crown. You will find this above the main see-through window on the front of the note.

  • A metallic, red foil patch contains the letters ‘AT’. You will find this on the back of the note, directly behind the silver crown on the front of the note.

  • The note is printed on polymer, which is a thin and flexible plastic material. On the front of the note, you can feel raised print. For example, on the words ‘Bank of England’ and in the bottom right corner, over the smaller window.

  • The printed lines and colours on the note are sharp, clear and free from smudges or blurred edges. If you use a magnifying glass, you will see the value of the note written in small letters and numbers below the Queen’s portrait.

  • Under a good quality ultraviolet light, the number ‘50’ appears in bright red and green on the front of the note, against a duller background.

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30 September 2022 is the last day of circulation for paper £20 and £50 notes. After 30 September 2022, many banks will accept withdrawn notes as deposits from customers. Failing that, they can be exchanged at the Bank of England.

£50 note

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Hologram

The word changes between ‘Fifty’ and ‘Pounds’ when the note is tilted.

Hologram

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Tilt the note from side to side. Check the words change between ‘Fifty’ and ‘Pounds’.

See through windows

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Look at the metallic image over the main window. Check the foil is gold and green on the front of the note and silver on the back. Within the two gold foil squares on the front of the note, the image changes between ’50’ and a ‘£’ symbol when the note is tilted.

Look for a second, smaller window in the bottom corner of the note.

The Queen’s portrait in the see-through window

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A portrait of the Queen is printed on the window with ‘£50 Bank of England’ printed twice around the edge.

Silver foil patch

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A silver foil patch contains a 3D image of the coronation crown. You will find this above the main see-through window on the front of the note.

Red foil patch

A metallic, red foil patch contains the letters ‘AT’. You will find this on the back of the note, directly behind the silver crown on the front of the note.

Feel of polymer and raised print

The note is printed on polymer, which is a thin and flexible plastic material.  On the front of the note, you can feel raised print. For example, on the words ‘Bank of England’ and in the bottom right corner, over the smaller window.

Print quality

The printed lines and colours on the note are sharp, clear and free from smudges or blurred edges. If you use a magnifying glass, you will see the value of the note written in small letters and numbers below the Queen’s portrait.

Ultraviolet number

Under a good quality ultraviolet light, the number ’50’ appears in bright red and green on the front of the note, against a duller background.

Tactile feature

On the front of the note (the side with raised print), there are four clusters of raised dots in the top left hand corner. This tactile feature helps blind and partially sighted people identify the value of the note.

Size

The higher the value of a note, the larger it is. This note is approximately 146mm x 77mm.

Unique numbering

A unique serial number is printed horizontally and vertically on the back of the note. The horizontal number is in the bottom right corner. It is made up of multi-coloured letters and numbers, which increase in height from left to right. The vertical number runs down the left-hand side and the numbers and letters are the same height and colour.

Copyright symbols

The international copyright symbol is included on the front and back of the note, below the ‘Fifty Pounds’ text.

Historical character

Alan Turing’s portrait is based on a photo taken in 1951 by Elliott & Fry which is part of the Photographs Collection at the National Portrait Gallery.

When does the old paper £50 note go out of circulation?

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The old paper £50 note goes out of circulation on 30 September 2022. Old paper £20 notes will also be withdrawn from circulation on the same day.

Banknotes don’t just hold economic value; there is a cultural value as well

The Bank of England has been issuing banknotes for over 300 years and during that time the way notes have been printed has changed a lot. Currently there are four denominations in circulation, £5, £10, £20 and £50. Banknotes need to fit the criteria of being high quality, long-lasting and difficult to forge and the transition to printing notes on polymer fulfils all three.

Today there are 4.5 billion Bank of England notes in circulation, worth a total of approx. £80 billion. The governor of the Bank of England, Mark Carney, stated that banknotes are much more than a practical necessity: “They can be a piece of art in everyone’s pocket. Banknotes are a celebration of the UK’s heritage, a salute to its culture, a testament to its great achievements, including those of its notable citizens.”

Who is the face on the new £50 note?

All British banknotes feature a famous person and for the £50 note, it is mathematician Alan Turing. His identity was revealed in July 2019 with the Banknote Character Advisory Committee choosing to celebrate the field of science on the £50 note. The design on the reverse of the note celebrates Alan Turing and his pioneering work with computers. Included features are a mathematical table and formulae, the Automatic Computing Engine (ACE), technical drawings from British Bombe and images depicting technical drawings from The ACE Progress Report.

  • The quote on the note reads, “This is only a foretaste of what is to come and only the shadow of what is going to be”
  • The signature is taken from the visitor’s signature book on display at Bletchley Park Trust in 1947, where Alan Turing worked during WWII

The current paper £50 note features entrepreneur Matthew Boulton and the engineer James Watt.

Artwork

The design on the reverse of the note celebrates Alan Turing and his pioneering work with computers. It features:

  • A mathematical table and formulae from Turing’s seminal 1936 paper “On Computable Numbers, with an application to the Entscheidungsproblem” Proceedings of the London Mathematical Society. This paper is widely recognised as being foundational for computer science.
  • The Automatic Computing Engine (ACE) Pilot Machine which was developed at the National Physical Laboratory as the trial model of Turing’s pioneering ACE design. The ACE was one of the first electronic stored-program digital computers.
  • Ticker tape depicting Alan Turing’s birth date (23 June 1912) in binary code.
  • Technical drawings for the British Bombe, the machine specified by Turing and one of the primary tools used to break Enigma-enciphered messages during WWII.
  • The flower-shaped red foil patch on the back of the note is based on the image of a sunflower head linked to Turing’s morphogenetic (study of patterns in nature) work in later life.
  • A series of background images, depicting technical drawings from The ACE Progress Report.

Quote

“This is only a foretaste of what is to come and only the shadow of what is going to be” is a quote from Alan Turing, given in an interview to The Times newspaper on 11 June 1949.

Signature

Turing’s signature has been taken from the visitor’s signature book on display at Bletchley Park Trust in 1947, where he worked during WWII.

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What are the features of a polymer banknote?

  • Allows for enhanced security features making them harder to counterfeit
  • Stronger (not indestructible) notes and expected to last 2½ x longer than paper notes
  • More environmentally friendly as they last longer – carbon footprint is 16% lower than paper notes and can be recycled
  • Cleaner notes – smooth surfaces make them more resistant to dirt and moisture
  • Can withstand extreme temperatures

In a nutshell, notes made from polymer are more durable, hygienic and secure.

What are the security features of the new £50 note?

The following security features can be found on the note:

  • Hologram – the word changes between ‘Fifty’ and ‘Pounds’
  • See-through windows
  • The Queen’s portrait in the see-through window
  • A silver foil patch has a 3D image of the coronation crown
  • Metallic, red foil patch with the letters ‘AT’
  • Raised print and print quality
  • Ultraviolet number ‘50’

It is also interesting that on the front of the note there are four clusters of raised dots in the top left hand corner. These are a tactile feature to help blind and partially sighted people identify the value of the note.

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