News & Blog

Last of the "round pounds" the countdown begins

Posted on Fri, 6 October 2017 by Phil Mussell - General News, Coin News

Not long now before the "round pounds" are demonetised! After October 15 2017 the pound in your pocket had better be one with 12 sides as the old round ones won't be accepted in shops anymore as after that date the old ones, in circulation since 1983 , are officially "demonetised"

But don't despair if you do have old pound coins in jars or down the backs of sofas etc. you will probably still be able to pay them in to your bank account for some time after October 15 - but there is no set time limit on that as it is at each bank's discretion so far better to use them up now!