techkenyot.com
techkenyot.com October 21, 2017


More than £170m in old pounds in our homes to become worthless

13 October 2017, 09:17 | Glen Norman

Publicans urged to avoid handing out old £1 coins

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"However, it is very clear that hundreds of millions of the old coins remain in circulation just three days before the Royal Mint's deadline", he added.

So if you still have some pound coins rattling around after Sunday (you've had plenty of warning, though), you know where to go. "The best advice has to be to stick to the letter of the guidance, and not to accept or give out any old pound coins after the deadline".

NatWest said it has seen a rush of people offloading their old round pounds.

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Carl Foster, head of coins at NatWest, said: "We've seen a large increase in the number of coins being brought into branch in the last couple of weeks as customers empty their piggy banks not just of round pound coins but of all their loose change". Well and some retailers who have confirmed they will continue to accept the old coin for a brief period of time.

People can also deposit them into any of their usual high street banks through the Post Office after this date.

The old pound coins are set to stop being legal tender in just a few days - and with a staggering 30,000,000 estimated to be hidden in cars that doesn't leave us long to find them.

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"After October 15, the 12-sided £1 coin will be the only £1 coin being spent in the United Kingdom".

"Venues should ensure that all staff members are aware they should not be accepting the old pound coin after this weekend", said Kate Nichols, chief executive of the Association of Licensed Multiple Retailers.

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