Search

You have just days left to spend your old £1 coins before it goes out of circulation

PUBLISHED: 09:00 07 October 2017 | UPDATED: 13:09 07 October 2017

The old £1 coin. Picture Simon Cooper/PA Wire.

The old £1 coin. Picture Simon Cooper/PA Wire.

It’s just over a week until the round pound is officially no longer legal tender.

From midnight on Sunday October 15 businesses will cease to accept the old pound, so now is the time to start rummaging through your jean pockets, piggy banks and sofas.

If you do happen to find an old quid, the easiest option is to spend it, but you don’t have to. Banks will exchange the coins or transfer the funds into your account prior to the cut-off date.

It is worth noting if you’re a procrastinator, October 15 is a Sunday and banks and shops will close earlier, if they open at all, effectively bringing the deadline forward.

If you don’t wish to spend, bank or exchange your pounds then you could use the opportunity to donate the old money to a cause of your choosing.

Alternatively, you could collect the coins. As more and more are removed from circulation they are becoming increasingly rare, and therefore valuable. There are 25 variations of the old coin, the rarest of which is now available on auction sites for £35.

Other news

Yesterday, 15:41

Lowestoft Town Football Club is uniting with a mental health campaigner for a series of music events to raise money and awareness for those living with mental health disorders.

Yesterday, 15:32

Two failures of the Victoria Road level crossing were not fixed for more than 700 hours - more than 29 days - it has been revealed.

Yesterday, 13:34

A jungle paradise hidden in the depths of East Anglia is set to play host to a wedding for the very first time.

Yesterday, 11:19

Police are hunting a man who exposed himself to a dog walker.

Most Read

Wed, 09:48

Family and friends of a Lowestoft gym owner have paid tribute to an “incredible young man” who had a passion for lifting.

Read more
Facebook
Yesterday, 09:36

The hard working team at a popular post office branch have been honoured with a national award.

Read more
United Kingdom
Yesterday, 11:19

Police are hunting a man who exposed himself to a dog walker.

Read more
Suffolk Police
Yesterday, 10:47

A horse has been reunited with its owner by police after an early morning escape.

Read more
Yesterday, 10:21

The chairman of a disability charity which faced financial ruin after its treasurer stole more than £200,000 has said the organisation is “like a phoenix rising from the ashes; even stronger than before”.

Read more

Later in Life

cover

Click here to view
the Later in Life
supplement

View

Local Weather

Partly Cloudy

Partly Cloudy

max temp: 14°C

min temp: 13°C

Show Job Lists

Digital Edition

cover

Enjoy the
Lowestoft Journal
e-edition today

Subscribe

Newsletter Sign Up

Lowestoft Journal weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy