What to do with your old ’round pounds’ now the new £1 coin is here

The raw £1 coin has ultimately come into circulation, which means the stream rung pound will immediately be phased out as legal tender. here ‘s everything you need to know about the new coin – and what to do with your previous ones…

When will the old pound coins stop being accepted in shops? The modern coin came into circulation on 28 March. Old round £1 coins will distillery be accepted by shops for the time being, but will cease to be legal affectionate on 15 October. From this date, shops will stop accepting the old £1 coins and will only accept the new 12-sided coins. MORE: HOW TO AVOID OVERDRAFT CHARGES What can I do with my old pound coins after 15 October? While shops may no longer accept attack £1 coins after this go steady, you will still be able to deposit them in most banks and Post Offices. Sara Benwell, Consumer Editor at Good Housekeeping, says, ‘ If you ‘re disquieted about loads of easy deepen suddenly becoming despicable, do n’t panic. even though shops will stop accepting erstwhile £1 coins in October, you ‘ll still be able to deposit them in your bank explanation. ‘ Most banks and build up societies have even said they ‘ll allow their own customers to exchange ’round pounds ‘ after the cut-off point, and the Post Office will let anyone do it in ramify. ’ What’s different about the new £1 coin?

deoxyadenosine monophosphate well as having a 12-sided design, the new £1 coin is thinner and lighter than the stream lumber, and slightly wider in diameter. It features the national emblem of the UK : a rose, leek, thistle and white clover, and has an visualize that changes from a ‘ £ ’ to a ‘ 1 ’ depending on which slant you look at it. Will trolleys, parking meters and vending machines be affected? Parking meters, vending machines and trolleys will be adapted to accept the raw 12-sided coin adenine soon as possible. Most supermarkets, including Asda, Sainsbury ’ second, Aldi and Lidl, have confirmed that their trolleys will already take the fresh coin. Tesco, however, has missed the deadline and will unlock all of its trolleys while function is carried out to adapt them. A spokesperson for Tesco said, ‘ We ’ re replacing the locks on our trolleys to accept old and new thump coins angstrom well as existing streetcar tokens. As an interim measure we will unlock trolleys while this serve is completed and we will continue to have colleagues on hired hand to attend trolleys in our stores, so our customers aren ’ deoxythymidine monophosphate affected by the changes. ’ As there may be a period of time where the 12-sided coins will not be accepted by some ticket machines or trolleys, Sara advises, ‘For the time being, the coherent thing to do is keep a hoard of both kinds in your cable car or wallet so you ‘ll have the change you need, whatever the situation. In particular, if you know you ‘ll be using pay as you go parking or are likely to need a supermarket streetcar, it ‘s sensible to have both options. ’ MORE: THE NEW £1 COIN HAS ALREADY GONE ON SALE BEFORE IT’S RELEASED TO THE PUBLIC ( Images : Getty )

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