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If you’ve a piggy bank or coin jar, watch out– your £1 coins will soon be unspendable

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Former_MSE_Karl
Former_MSE_Karl Posts: 175 Forumite
10 Posts I've been Money Tipped! Newshound!
edited 15 February 2017 at 5:02PM in Old style MoneySaving
'The new 12-sided £1 coin is being rolled out next month, and the current round version will stop being legal tender on 15 October. After that, if you still have any old £1 coins, you won’t be able to spend them...'
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  • VfM4meplse
    VfM4meplse Posts: 34,269 Forumite
    10,000 Posts Combo Breaker I've been Money Tipped!
    I make a point of buying coin trolley tokens from charity shops, these too will be redundant.
    Value-for-money-for-me-puhleeze!

    "No man is worth, crawling on the earth"- adapted from Bob Crewe and Bob Gaudio

    Hope is not a strategy :D...A child is for life, not just 18 years....Don't get me started on the NHS, because you won't win...I love chaz-ing!
  • Farway
    Farway Posts: 14,603 Forumite
    Part of the Furniture 10,000 Posts Homepage Hero Name Dropper
    VfM4meplse wrote: »
    I make a point of buying coin trolley tokens from charity shops, these too will be redundant.

    I reckon the trollies will be modified to take the new £ coins, so the old tokens will be of no use except as collector items
    Eight out of ten owners who expressed a preference said their cats preferred other peoples gardens
  • haven't got the problem of a jar full of pound coins :) all of mine get spent :):):)
  • LameWolf
    LameWolf Posts: 11,238 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    We save any £2 coins we get in a tin, so will look out for these going the same way.
    If your dog thinks you're the best, don't seek a second opinion.;)
  • Hi,

    oh, like the style of new coin,

    New_1_pound.jpg

    just like the auld Scottish threepenny,

    m9DNsrk21WELmvnH27zssMw.jpg
  • I remember the old threpenny bit (in England)...I used to get one in pocket money.

    I could buy a comic...a thirsty pak drink (Dandelion and Burdock please!)...a bag of penny mix up (no bubble gum please, mum doesn't let me have it!)...and a small pack of corn puff snacks...and STILL have a ha-penny left for the money box!

    You wouldn't get THAT value for a pound these days!

    As for pounds, I don't save them, they get spent!....if I DO have any left when the new coins come out I'm guessing the banks will swap them for me....although I am currently with the N&P so am changing banks (they are cancelling all current accounts grrrrrrrrrrrr!)
  • monnagran
    monnagran Posts: 5,284 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Love the nostalgia of the old thrupenny bits.

    I had a bedsitter when I started teaching. It had a picture rail all round the room. I collected up every thrupenny bit that came my way and stood them around this picture rail. I got all round the room, and it was not a small one.

    Those threepenny bits paid for my wedding dress, headdress, veil and all the bridesmaids dresses.

    Ah! Memories.

    x
    I believe that friends are quiet angels
    Who lift us to our feet when our wings
    Have trouble remembering how to fly.
  • You might not be able to spend them in the shops but you will be able to exchange them at banks for the new ones.
    No longer a spouse, or trailing, but MSE won't allow me to change my username...
  • I had 9d pocket money when I was a little girl more than my two brothers who had none and were expected to work to earn any cash (although as I got older I too used to do extra things to earn a few pennies My pocket money was blown on 6d for saturday morning cinema and 3d for a banana split palm toffee bar, guaranteed to remove most of your fillings at times.Sweet not long being off ration in 1954 buying a small bar of toffee was like winning the lottery
  • We stopped saving the £1 coins last year when the new plastic fivers came out

    DH has made a 'money box' for them out of some Perspex he had lying around. It's basically a rectangular box with the thinnest slit to slide a fresh new fiver in

    No we aren't rich

    We both gave up smoking in January and now we put our smoking money in there in the way of fivers

    I'm planning a long haul holiday for next year, hopefully we will have the money saved to upgrade to BC by then
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