On Ebay, these coins are currently selling for between £5 and £10 in a used condition.īut keep in mind that mintage isn't everything when determining a coin's value age is also a factor. The rarest round pound is the 2011 Edinburgh coin, which features the city's Coat of Arms and Edinburgh Castle. If you happen to have a sought-after design, it could be worth much more than it's face value. Banks may also stop offering this service at some point in the future, so it pays to act now if you have a large stash.īefore you cash in your old £1 coin, it's worth taking a closer look.
Unlike with bank notes, which can be returned to the Bank of England for an unlimited time period, the Royal Mint has no obligation to accept and swap old coins. Some banks may be willing to swap old coins for new ones, but usually, this is limited to customers (when offered at all). Your best option may be to gather up all your old coins and deposit them into your bank account.Ī number of banks are still accepting old £1 coins as deposits into customer accounts, according to the Royal Mint, including Bank of Scotland, Barclays, Clydesdale, Halifax, HSBC, Lloyds, Nationwide, NatWest, RBS, Santander, Ulster and Yorkshire Bank.Ĭustomers can also deposit old coins at Post Office branches into most accounts supported by its banking services. So, if you can't spend these old coins, what can you do with them? Your data will be processed in accordance with our Privacy policyĪs of 15 October 2017, the round pound stopped being legal tender, which meant it could no longer be used in shops or in any other transactions.īut nine months on, the Royal Mint has confirmed that 169 million old coins have not yet been returned and are still in the public's hands.
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