Shed Those Pounds, in just a few days!
The Round Pound is disappearing ! From 15 October, shops can refuse the old version of the £1 coin. Andrew Jones, the Exchequer Secretary to the Treasury says "The clock is ticking. We are urging the public to spend, bank or donate their old pound coins before they cease to be legal tender".
However, most banks and Post Office counters will continue to accept them from customers although they have no obligation to do so.
If you are shopping and get an old £1 coin in your change before the deadline of midnight on Sunday, you can politely ask the store to change it for a new one, but strangely enough they don’t have to as it’s still legal tender! After the 15th October deadline the shops won't be allowed to give you an old coin as change so you can refuse to take it if they accidentally do.
Many self-service machines at shops, and ticket vending machines have already stopped taking the old £1 coin, as the machines have been changed to accommodate the new one.
There are also many charity collection boxes that will have old pound coins in them, so if you are responsible for emptying them you need to be quick!
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