The invention discloses a paper currency face value identification method and device based on a
magnetic image. The paper currency face value identification method comprises the following steps: laterally magnifying the
magnetic image by multiple times, carrying out contrast stretching, high-low threshold binaryzation, safety line and magnetic code image positioning section by section and safety line and magnetic code
cutting, drawing a safety line and magnetic code
horizontal projection curve, identifying the face value of paper currency according to the safety line and magnetic code curve rule, identifying four directions of the paper currency according to the position of a
magnetic signal of a crown character code, identifying the version of the paper currency according to whether magnetic ink exists, verifying the face value direction, and the like. According to the paper currency face value identification method and device, a safety line and magnetic code image is
cut by adopting a sectional positioning method and is further verified by using the face value of the paper currency, which is identified by utilizing the safety line and magnetic code projection curve rule, and the face value direction identified by other identification measures, so that the face value direction error probability of the paper currency is greatly reduced, relatively high face value direction rate is achieved and the paper currency
processing level of financial self-service equipment is improved.