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Still getting lots of old £1 coins

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Comments

  • JJ_Egan
    JJ_Egan Posts: 20,281 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Personally its been a long time since i was given old style pounds in change .
  • NineDeuce
    NineDeuce Posts: 997 Forumite
    Just take them to the bank after 1st October who will change. After this day they are no longer legal tender so you should not be getting them back in change.

    First world problem, really....
  • SeduLOUs
    SeduLOUs Posts: 2,171 Forumite
    Not sure what the problem is really? If you don't want to specifically ask for newer coins or the shop doesn't have them to give then you can still put them in your piggy bank and do a single trip to the bank to change them after the end date.
  • sheramber
    sheramber Posts: 24,489 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    We changed 5 old pound coins for new ones at the bank last week. The teller did comment that they were still legal but did change them.
  • philatio
    philatio Posts: 678 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Why on earth change them at the bank when there's over a month left?


    Still getting them in my change at the moment.
  • NBLondon
    NBLondon Posts: 5,760 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    JReacher1 wrote: »
    I would ask them to give you a new pound coin not an old one in your change. I am sure most people will be happy to oblige.
    Maybe that's because you're a 6'5" 250lb ex-military policeman - what about us mere mortals?


    Or failing that - just spend the damn things next day and put away a fiver every other day.
    I need to think of something new here...
  • walwyn1978
    walwyn1978 Posts: 837 Forumite
    Eighth Anniversary 500 Posts
    tberry6686 wrote: »
    I know of 5 businesses that are hoarding the old coins because they have old vending machines that will not accept the new ones without upgrades costing more than the machines are worth.

    I wonder if that is why the old ones aren't coming back very quickly
    Exactly. Our local community pool is hoarding old £1 coins as the lockers take a £1 coin and they offer to swop your new £1 for an old one so you can use the locker. About 25% of the people forget to swop back afterwards so they need reserves.

    The cost of new lock mech's in 350 lockers was huge, apparently, hence this solution
  • photome
    photome Posts: 16,751 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Bake Off Boss!
    sheramber wrote: »
    We changed 5 old pound coins for new ones at the bank last week. The teller did comment that they were still legal but did change them.

    Why did you...if you dont mind me asking
  • sheramber
    sheramber Posts: 24,489 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    photome wrote: »
    Why did you...if you dont mind me asking

    We wanted to give them to my grandson to put away in his piggy bank and 5 coins mean much more to a 5 year old than a £5 note.

    We only had old ones and were in the the bank anyway so took the chance to change them.

    Giving him old ones would have meant having to empty the piggy bank at a later date to retrieve them and change them.
  • System
    System Posts: 178,429 Community Admin
    10,000 Posts Photogenic Name Dropper
    walwyn1978 wrote: »
    Exactly. Our local community pool is hoarding old £1 coins as the lockers take a £1 coin and they offer to swop your new £1 for an old one so you can use the locker. About 25% of the people forget to swop back afterwards so they need reserves.

    The cost of new lock mech's in 350 lockers was huge, apparently, hence this solution

    Are these lockers you put the £1 in and it falls into the back of the door?

    Trolley tokens do the same!
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
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