The old round pound: Everything you need to know

Lester Mason
October 13, 2017

So if you still have some pound coins rattling around after Sunday (you've had plenty of warning, though), you know where to go.

Earlier this week the Treasury and Royal Mint called on people to spend or bank any remaining coins.

All branches of Aldi, Iceland and The Food Warehouse will continue to accept the former £1 coin until 31 October.

AA president Edmund King said: 'We estimate that most cars will have some loose change lurking in hidden places.

NatWest said the total number of coins deposited rose to 34.5 million in the first week of October, compared to just over 24 million coins received over a week in September. Well and some retailers who have confirmed they will continue to accept the old coin for a brief period of time.

Iceland and Aldi have committed to accepting the old pound coin until the end of the month, two weeks after it ceases to become legal tender.

"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.

The government announced the release of the new 12-sided pound coin in March. But there may be some cases where people find they are caught short.

The transition to a different shape coin has meant everything from vending machines to parking meters have had to be adapted to take the new coinage - costing businesses thousands.

Other reports by Iphone Fresh

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