£1 coins will soon be unspendable
Are you a coin hoarder? If so, this is a warning. Empty your piggybanks, upend your coin jars, scrabble behind the sofa and get all your pound coins together – then spend or save ’em before October.
The new 12-sided £1 coin is being rolled out next month, and the current round version will stop being legal tender (and so won’t be accepted in shops) on 15 October 2017. After that, if you still have any old £1 coins, you won’t be able to spend them.
Of course, you’ve a few months left yet to sort it. But it’s worth doing it now, as with piggybanks and coin jars it’s all too easy to squirrel money away and forget about it.
Many banks and building societies have told us they will continue to accept the old pound coin even after 15 October. But all those we asked, including Barclays, HSBC, Lloyds/Bank of Scotland, Nationwide, RBS and Santander, said they’d only do this for their own customers.
Started: 15th Feb 2017 at 20:19
I am not a hoarder but do put £1 coins in a jar and when my Great Grandsons appear, I give them to them for sweets etc. but as from when the new ones appear I will stop doing this and only save the 12-sided ones.
Replied: 19th Mar 2017 at 14:01
People urged to return old £1 coins as the new coin comes into circulation today - Wigan Today
Replied: 28th Mar 2017 at 08:22