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

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

edited 30 November -1 at 1:00AM in Debt-free Wannabe Challenges
6 replies 3.5K views
Former_MSE_AndreaFormer_MSE_Andrea Former MSE
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I've helped Parliament Rampant Recycler Savvy Shopper! Stoptober Survivor
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edited 30 November -1 at 1:00AM in Debt-free Wannabe Challenges
Hi everyone

Can you please share this blog with anyone you know who's saving £1 coins? Especially if you're doing the sealed pot challenge!

Thank you!

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

  • Dolly_RockerDolly_Rocker Forumite
    5.2K posts
    Ninth Anniversary 1,000 Posts Name Dropper I've been Money Tipped!
    ✭✭✭✭
    I do have a wee piggy bank called Priscilla, she will be getting emptied as soon as they come out next month & cashed in at the bank.

    I have set myself a reminder cos otherwise I will forget.

    Dxxx
    MFW - £0/£66,498.57
    EF - £0/£8,000
    1% MF Challenge - £0/£665
    Mum IOU - £0/£3,000
    Survey Cash Out - £0/£600
    Goal Weight - 73lbs/95lbs - 22lbs to Lose
  • Wheres the best place to cash it all in once filled? Anyone have a real cheap idea? I know some supermarkets have coin sorters. But their % was quite massive last time I cashed about £200+ from some jars..
  • Kim_13Kim_13 Forumite
    1.9K posts
    Intrepid Forum Explorer Newshound!
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    Have separated out my coins and now have 17 I think in a piggy. Hoping I'll get to £20 to bank them as a full bag and then not get any others.
    Sealed Pot 11 #520 ~ /£100
    VSP 2018 #9 ~ £19.55/£180.00
    CCCC 2018 #1 ~ £20.75/£180.00
  • edited 6 March 2017 at 8:49PM
    Westie983Westie983 Forumite, Board Guide
    5K posts
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
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    edited 6 March 2017 at 8:49PM
    MSE_Andrea wrote: »
    Hi everyone

    Can you please share this blog with anyone you know who's saving £1 coins? Especially if you're doing the sealed pot challenge!

    Thank you!

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

    Have shared on Sealed Challenge ~10 and Xmas 2017 £1 a Day,

    These are two challenges where £1 coins maybe being saved, that said there is not really an issue as banks will accept the old coins after October as long as you bank with them..

    I haven't shared on my own challenge (Virtual Sealed Pot) as I have already given them the heads up when I first heard of the changes.

    That said keep your nose to the grindstone for the changes to the £10 going polymer in the next few months

    Westie983
    Save 12k in 2021 #33 Total (£2300) £1000.00/£5000 = 20.00%
    Sealed Pot Challenge ~ 14 #24 Total (£150) £0.00/£500 = 0.00%
    Xmas 2021 £1 a Day #8 Total (£365) £35.00/£365 = 9.58%
    Virtual Sealed Pot #1 Total (£500) £150.00/£500 = 30.00%
    £2 Savers Club 2021 #13 Total (£4.00) £0.00/£300 = 0.00%
    Total £1185.00/£6665 = 17.77%
    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email [email protected]
  • Westie983Westie983 Forumite, Board Guide
    5K posts
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
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    nickyotron wrote: »
    Wheres the best place to cash it all in once filled? Anyone have a real cheap idea? I know some supermarkets have coin sorters. But their % was quite massive last time I cashed about £200+ from some jars..

    Your bank will accept them in bags of £20..

    If you are lucky to bank with Natwest/HSBC/Metro and your local store has a coin counter machine then use this as there is no percentage taken, which means every penny counts...

    Last time I used the coin counter in a supermarket the % cut was nearly 8%... SHOCKING!!!

    Westie983
    Save 12k in 2021 #33 Total (£2300) £1000.00/£5000 = 20.00%
    Sealed Pot Challenge ~ 14 #24 Total (£150) £0.00/£500 = 0.00%
    Xmas 2021 £1 a Day #8 Total (£365) £35.00/£365 = 9.58%
    Virtual Sealed Pot #1 Total (£500) £150.00/£500 = 30.00%
    £2 Savers Club 2021 #13 Total (£4.00) £0.00/£300 = 0.00%
    Total £1185.00/£6665 = 17.77%
    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email [email protected]
  • Jo_BlogsJo_Blogs Forumite
    753 posts
    Debt-free and Proud! Mortgage-free Glee!
    Giving this thread a bump just incase some people are still not aware of the changes to £1 coins etc:)
    Saved Nitty Gritty £7440.75 [149%] / £5000-[Sep] £58.44:starmod: for the 'Save 12k in 2017' #157
    2017 Womble #35 £3463.27 ;)Sept NSDs 4/15:staradminCCCChl 9/12 months:D
    Sept PPChl#002 Pts 71
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