Be aware that the deadline for old style £1 coins is approaching.
Shops can refuse to accept your old style coins from the 15th of October, but Banks and Post Offices will continue to accept them.
So, it’s time to retrieve them from your coat pockets, the car, the kid’s piggy banks, and even the back of your sofa and instead get spending or better still saving by banking them ASAP.
“The clock is ticking. We are urging the public to spend, bank or donate their old pound coins and asking businesses who are yet to do so, to update their systems before the old coin ceases to be legal tender,” said Andrew Jones, the Exchequer Secretary to the Treasury.
The Royal Mint is introducing 1.5 billion new 12-sided £1 coins in an attempt to crack down on counterfeiting.
It is claimed the new £1 is the “most secure coin in the world”
The new coin has a string of anti-counterfeiting details, including an image that works like a hologram, a material that can be detected by coin counting & payment machines and micro lettering inside both coin rims.