etvfutures.com
etvfutures.com October 18, 2017


When does the old £1 coin expire?

11 October 2017, 08:06 | Lena Norman

The new £1 coin is designed to reduce the number of counterfeits in circulation

The new £1 coin is designed to reduce the number of counterfeits in circulation

Retailers have been warned that they have just five days until old pound coins are no longer legal tender.

He is among a number of shops, including Black Country-based Poundland where people will still be able to pay with the old coins.

Tesco will accept the old round £1 coin up to a week after the deadline to "help customers out".

And bakery favourite Greggs will also accept the coins and have not yet decided when they will stop accepting the round pound.

When does the round £1 coin cease to be legal tender?

If you do not want to risk being caught out though, bear in mind that shops are not obliged to accept your old round pound after October 15, so it would be wise to offload your old coins by banking, spending or giving them to charity before then.

A trade organisation representing 170,000 businesses has advised its members to continue taking the round coins, because the changeover period has been so short.

The new £1 coin has been in circulation for over 6 months having been introduced on March 28, 2017.

Police issue warrants for 10 frat members after LSU student's death
Police say brothers found him in the same place the next morning with a faint pulse, unsure if he was breathing. King Alexander said in a statement on Wednesday". "We're committed to investigating this situation thoroughly".


A spokesman for the Federation of Small Businesses said: "Shopkeepers will be aware that the Royal Mint has this deadline but at the same time they will not want to let their loyal customers down by saying they can not pay with a round pound if they do not have any other change".

"This deadline is going to be a challenge given that multiple retailers have chose to be more flexible and continue to accept the old £1 coin from shoppers after 15th October", he said.

With just a week to go, around 500 million old round pounds are still in circulation.

The hour of reckoning for the old pound coins is very almost upon us - they are just days away from being cast into the empty void of futility.

MoneySavingExpert has said that there are some banks and building societies who will accept the old coin after that date.

The coin also has a new design on its tail side, created by 15-year-old David Pearce, who won a competition organised by the Treasury.

The new pound coin has also been hailed as the most secure in the world, on their website, The Royal Mint said: "Its distinctive shape makes it instantly recognisable, even by touch".

RBS/NatWest also said it would encourage customers to try to hand in their old coins as soon as possible.



Other News

Trending Now

Contestant in Bigg Boss to cops: Salman was abusive
Zubair feels that Salman calls people on Bigg Boss to only insult them and spoil their image, like how he misbehaved with him. The evicted contestant also made similar claims against the channel airing the show and how Salman would "end his career".

Amazon sets up parental controls for teen shoppers
Also, they can choose to skip the approval step all together and set pre-approved spending limits, offering teens full freedom. Up to four teens can make an account tied to a single parent account.

Mukul Roy meets Vijayvargiya in Delhi
The Trinamool Congress in September suspended former Railway Minister Mukul Roy for six years for "anti party activities". On Wednesday, Roy told the news agency PTI that he'd always been "very comfortable" talking to BJP leaders.

Watch Miley Cyrus Do "Carpool Karaoke" with James Corden
But I didn't tell anyone, I just left. "I can't smoke before I go on stage, I get too scared", she said. A new episode of Apple's Carpool Karaoke: The Series is out and this time we have Miley Cyrus on board.

Palestine's Hamas, Fatah Reconciliation Talks Kick Off Under Egypt Mediation
While acknowledging that the issue of the employees was an "obstacle", Ahmad said it would be "solved within four months". Representatives from both sides voiced optimism ahead of the talks being held behind closed doors.

Chinese Women Unrecognizable After Plastic Surgery; Detained At South Korea Immigration
Three Chinese women have been stranded in a South Korean airport after their plastic surgery has left them unrecognisable. . Jian Hua Hua, a Chinese TV anchor, shared the photo on Weibo of the incident.

Arcus Capital Partners LLC Decreases Stake in American Airlines Group Inc (AAL)
Moreover, Cubic Asset Limited Liability Corp has 0.26% invested in American Airlines Group Inc (NASDAQ: AAL ) for 17,725 shares. American Airlines Group Inc . on 6/29/2017 reported its EPS as $1.76 with the analysts projecting the EPS of the stock as $1.69.

Donald Trump to make 'scaled-down visit to United Kingdom next year'
The visit may be timed to coincide with the opening of the new United States embassy near Battersea Power station, sources said. Previous American leaders have typically not been invited to make a state visit to Britain until their second term of office.

Slower decline for PCs
In the U.S., Apple remains the third-most-popular PC vendor, but it saw its Mac sales stateside slide 7.6% year-over-year. ASUS retained the fifth position, but was the only company in the top 5 to decline faster than the market average.

Happy Birthday, Amitabh Bachchan
In a series of tweets, Big B expresses gratitude and thanked his fans for all their love, wishes and support. From Prime Minister Narendra Modi to Bollywood celebrities, all have posted their best wishes for the actor.