Campbeltown (western Sydney suburb) police have received several complains about fake $50 notes in the area and now police is chasing several leads to find the perpetrators.
Police said people usually spend counterfeit notes on small items such as $1 or $2 and that ways they turn fake $50 notes into real $48 or $49 money.
There are many ways people can identify the notes due to a number of features such as different looking watermarks as well as type of paper and plastic used in the notes.
Anyone with information is urged to phone Campbelltown police on 4620 1199.
As per reserve bank of Australia there are numbers of ways you can check weather $50 note is real or not.
1 — IS IT PLASTIC?
Australian banknotes are printed on plastic and have a distinct feel. A suspect banknote may feel excessively thick or thin compared to a genuine banknote. It is difficult to start a tear along the edge of a genuine banknote. You can also try scrunching the banknote in your hand — a genuine banknote should spring back.
2 — LOOK FOR THE COAT OF ARMS
If you hold the banknote to the light, you should see the Australian Coat of Arms.
3 — LOOK FOR THE STAR
Diamond-shaped patterns are printed inside a circle on both sides of the banknote. If you hold the banknote up to the light, the patterns should line up perfectly to form a seven-pointed star.
4 — CHECK THE CLEAR WINDOW
The clear window should be an integral part of the banknote and not an addition. Check that the white image printed on the window cannot be easily rubbed off. Also look for the embossing — there is a wave pattern in the window of the $10 banknote, and the value of the banknote in the windows of $20, $50 and $100 banknotes.
The top four things to look out for on a fake $50 note. Image: Reserve Bank of Australia
OTHER SECURITY FEATURES
Other security features to check if you suspect a banknote might be counterfeit:
An example of microprint.
5 — FEEL THE DARK PRINTING
It is produced with a special raised ink that can be felt with your finger.
6 — CHECK THE PRINT QUALITY
The background printing should be sharp. Check for irregularities such as less clearly defined patterns, thicker or thinner lines, or colour differences.
7 — LOOK FOR THE MICROPRINTING
Under a magnifying glass you will see tiny, clearly defined words on the top left corner of the $5 banknote and near the portraits on the other banknotes.
An example of text glowing under a UV light.
8 — LOOK AT THE BANKNOTE UNDER UV LIGHT
Most of the banknote should not fluoresce. The exceptions are the serial numbers, a patch on the $5 banknote and a patch on the $20, $50 and $100 banknotes that also shows the value (e.g. 50).
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