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The days of the round pound are numbered

With the new 12-sided £1 coin now in circulation, the old round pound will cease to be legal tender at midnight on the 15th October 2017.

After that, if you still have any old £1 coins, you won’t be able to spend them.

The new 12 sided pound coin

If your cash is processed by Loomis then we will no longer accept the old £1 coin for processing after this date.

Please remember that any coin handling equipment should also cease to accept round £1 coins in line with the dates above.

The Royal Mint have recommended that to help remove the £1 coin from circulation all old coins should be ‘banked’ rather than dispensed as change.

For further information please go to https://www.thenewpoundcoin.com