Just a month left to spent your old £1 coins

Look under your sofa, empty your piggy bank and check your pockets '“ there is only a month left to spend the old £1 coin before it becomes worthless.

Friday, 15th September 2017, 12:14 pm
Updated Friday, 15th September 2017, 12:20 pm
The old round 1 coin.

The new 12-sided £1 coin became legal tender on March 28 and now with one billion coins having passed through the Royal Mint production line, it's time to say farewell to its predecessor.

The old pound coin will officially lose its legal tender status as of midnight Sunday, October 15, meaning it won’t be accepted anywhere in the UK.

Royal Mint are now encouraging all old pound coin owners to spend, bank or donate their coins before the deadline.

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Andrew Jones, the Exchequer Secretary to the Treasury said, "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."

The old pound coins are to be melted down to create new ones.