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    Do not hoard or save pound coins.

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    papa_umau
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    Do not hoard or save pound coins.

    Post by papa_umau on Sun 19 Feb 2017, 12:55 pm

    Cash in your stash of old 1 coins before they become useless - you only have months left

    The familiar round Pound will start disappearing next month when the new 12-sided version is rolled out.

    The old ones will cease to be legal tender from October 15, meaning they can no longer be spent.

    Get the full story from the Daily Record HERE




    Many people, ( my wife in particular ), have a desire to save these coins, but I have told her she is going to be stuck with them if she does not spend them ASAP.

    ( OK, we know that the banks will still accept their intrinsic value directly if you hand them in after the cut-off date, but I do not know when even the banks will no longer accept them )

    Personally, I have never liked these one pound coins as they are too heavy, they often get rejected in vending and car park machines, and they are far too easy to counterfeit.



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    papa_umau
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    Re: Do not hoard or save pound coins.

    Post by papa_umau on Sun 19 Feb 2017, 1:37 pm

    "BUMP" to the top of the form, as this article is too important to be allowed to slide down the thread.


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    zathrus
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    Re: Do not hoard or save pound coins.

    Post by zathrus on Fri 24 Feb 2017, 12:17 pm

    I asked my bank about this and they said that so long as we don't hoard the old pound coins we will still be able to spend them right up until October, when they are no longer legal tender. The banks will still take them back for a while after that.
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    papa_umau
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    Re: Do not hoard or save pound coins.

    Post by papa_umau on Sat 25 Feb 2017, 11:39 am

    AND, we can expect the new bi-metal and twelve-sided pound coins to start to be issued in March.


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