Validity Date Of The Old £1 Coin

[arjay]

Britons are being urged to fish out any old £1 coins from piggy banks and car gloveboxes as the deadline for using the old pound coins fast approaches.

There are just two weeks until the old £1 coins cease to be legal tender and businesses are no longer obliged to accept them.

But with more than £420m worth of old coins rattling around in coin jars, piggy banks and cars, according to Go Compare Money, consumers are being encouraged to find them and either use, exchange, or bank them before the October 15 deadline, after which only the new 12-sided £1 coins can be spent.

Any unspent £1 coins after 23:59 on October 15 can be traded in at banks, but this is only a temporary option – so it is a good idea to spend or exchange the coins now to avoid not being able to in future.

[Mamyalynne]

It is.

[hereIam]

Personally, I'm sick to death of them always changing our currency !!

[Mamyalynne]

https://www.theanswerbank.co.uk/Business-and-Finance/Question1573947.html

[DSJ]

Thanks for the reminder.

[Peter Pedant]

govt are busting a gut to demonetarise the old coins as so many are forgeries ( 20% apparently)

[ivor4781]

last week on the news there was still 500.000 still in circulation

[ivor4781]

sorry 500 000.000

[jourdain2]

You can either keep them and use them as tokens in supermarket trolleys, or (my preferred option) give them to charity before the bank deadline runs out.

I'm checking the change I'm given now, it is amazing how many of them shops gave me last week!