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    • MSE Callum
    • By MSE Callum 8th Aug 18, 12:31 PM
    • 289Posts
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    MSE Callum
    Almost 170 million old £1 coins still missing - here's what to do with yours - MSE News
    • #1
    • 8th Aug 18, 12:31 PM
    Almost 170 million old £1 coins still missing - here's what to do with yours - MSE News 8th Aug 18 at 12:31 PM
    Almost 170 million old £1 coins have yet to be returned to the Royal Mint nearly nine months after they went out of circulation - here's what to do if you find a stash...
    Read the full story:
    'Almost 170 million old £1 coins still missing - here's what to do with yours'

    Click reply below to discuss. If you havenít already, join the forum to reply.
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Page 1
    • eskbanker
    • By eskbanker 8th Aug 18, 12:48 PM
    • 7,832 Posts
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    eskbanker
    • #2
    • 8th Aug 18, 12:48 PM
    • #2
    • 8th Aug 18, 12:48 PM
    I have an old £1 coin - what should I do?

    The Royal Mint recommends that if you have an old £1 coin, you go directly to your bank to exchange it.

    Specific arrangements vary from bank to bank, but the Royal Mint says RBS, NatWest, Ulster Bank, HSBC, Barclays, Lloyds, Santander, Nationwide, Clydesdale, Yorkshire Bank, Halifax, Bank of Scotland and The Post Office are still accepting deposits from their own customers.
    Seems pointless to me only to ask Royal Mint for their input ('nothing to do with us, try your bank') without actually checking with banks and Post Office for their current policies!

    Surely it wouldn't be too onerous for a financial website's researchers to contact some banks' press offices and get some concrete information about what their actual policies really are, rather than what the coin manufacturer thinks they are, especially given anecdotal tales on here of people having difficulties getting rid of these....
    • Thrugelmir
    • By Thrugelmir 8th Aug 18, 4:05 PM
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    Thrugelmir
    • #3
    • 8th Aug 18, 4:05 PM
    • #3
    • 8th Aug 18, 4:05 PM
    Wonder how many returned home with tourists. We've still odd coins and notes dating back pre Eurozone days.
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
    • GaleSF63
    • By GaleSF63 8th Aug 18, 5:28 PM
    • 266 Posts
    • 378 Thanks
    GaleSF63
    • #4
    • 8th Aug 18, 5:28 PM
    • #4
    • 8th Aug 18, 5:28 PM
    That is about 3 per person age 10 or more. It's not really that many in those terms. I certainly wouldn't be surprised if there were at least 3 lying around my home somewhere.
    • Caddyman
    • By Caddyman 8th Aug 18, 7:01 PM
    • 331 Posts
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    Caddyman
    • #5
    • 8th Aug 18, 7:01 PM
    • #5
    • 8th Aug 18, 7:01 PM
    Personally, I'd rather return to £1 notes, even in the new 'plastic' format. I remember the days when I'd purposely stuff my wallet with £1 notes just so I could feel like I had loads of dosh on me. I haven't been a fan of one pound coins since they introduced the things all those years ago.
    • eskbanker
    • By eskbanker 8th Aug 18, 7:11 PM
    • 7,832 Posts
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    eskbanker
    • #6
    • 8th Aug 18, 7:11 PM
    • #6
    • 8th Aug 18, 7:11 PM
    Personally, I'd rather return to £1 notes, even in the new 'plastic' format. I remember the days when I'd purposely stuff my wallet with £1 notes just so I could feel like I had loads of dosh on me. I haven't been a fan of one pound coins since they introduced the things all those years ago.
    Originally posted by Caddyman
    Seems somewhat unlikely that your wish will be granted, not least because in real terms a fiver is now worth only just over double what a pound was when the coins came in 35 years ago, so it's only a matter of time before £5 notes go the same way....
    • peterbaker
    • By peterbaker 8th Aug 18, 10:17 PM
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    peterbaker
    • #7
    • 8th Aug 18, 10:17 PM
    • #7
    • 8th Aug 18, 10:17 PM
    If Royal Mint reckon there are 170M missing, a better estimate of what's down the baack of sofas and in jam jars might be that there are between 210M and 240M coins out there because 20% to 30% are probably fake.

    I have maybe 300 of which I am guessing 50 might be fake because they don't look very nice. The other 250 are probably collectable.

    Should I hand in the 50 to the bank or would that be bad form?
    • Katiehound
    • By Katiehound 8th Aug 18, 10:17 PM
    • 4,471 Posts
    • 38,923 Thanks
    Katiehound
    • #8
    • 8th Aug 18, 10:17 PM
    • #8
    • 8th Aug 18, 10:17 PM
    well now it's 170 million minus one! because I found a round pound in my car last week concealed in the hidey hole for loose change under some10 pences etc kept there for parking charges.
    It went straight to Halifax and was exchanged for a shiny new one.
    Worry over!!!
    Being polite and pleasant doesn't cost anything!
    If you found my posting helpful please hit the "Thanks" button!
    Many thanks

    2018 Wombling : Entrant 8 ..4342 cc+.2415mm (£2.41.5) + RK £5.21= £30.64.5
    • realaledrinker
    • By realaledrinker 9th Aug 18, 12:30 AM
    • 1,597 Posts
    • 549 Thanks
    realaledrinker
    • #9
    • 9th Aug 18, 12:30 AM
    • #9
    • 9th Aug 18, 12:30 AM
    I suspect Spreadsheet Phil has already banked that towards the Brexit Dividend.
    Ethical moneysaver
    • realaledrinker
    • By realaledrinker 9th Aug 18, 12:32 AM
    • 1,597 Posts
    • 549 Thanks
    realaledrinker
    Wonder how many returned home with tourists. We've still odd coins and notes dating back pre Eurozone days.
    Originally posted by Thrugelmir
    Yeah we went out for a meal with an American friend of a friend a year or so ago and her contribution to the tip was a defunct fiver from the bottom of her purse. That won't do nicely!
    Ethical moneysaver
    • realaledrinker
    • By realaledrinker 9th Aug 18, 12:34 AM
    • 1,597 Posts
    • 549 Thanks
    realaledrinker
    And for what its worth I am open to offers for my two 1988 $1 Zimbabwean Dollar notes (rate of USD 1: 12 Zimbabwean at the time)
    Ethical moneysaver
    • Stuart_W
    • By Stuart_W 9th Aug 18, 8:06 AM
    • 1,396 Posts
    • 672 Thanks
    Stuart_W
    As I recently posted elsewhere, I'm finding paying them in at the post office harder to do than they claim. Been rejected from both post offices in my town, despite a twitter conversation and receiving an email reply from post office both confirming that I can pay in old pound coins, but they still say no. :-( Local sub-postmasters singing a different tune to the one the post office claim their branches offer.

    (Before anyone asks, yes I am trying to pay them in, not merely exchange them.

    I have banked with Co-op bank and previously Girobank for over 30 years and the post office has always been my local "branch" for paying money in
    Last edited by Stuart_W; 09-08-2018 at 8:10 AM.
    • soulsaver
    • By soulsaver 9th Aug 18, 12:10 PM
    • 1,808 Posts
    • 751 Thanks
    soulsaver
    I reckon half the missing ones will be under drivers' seats..
    • sunflowerseeds
    • By sunflowerseeds 15th Aug 18, 8:45 AM
    • 35 Posts
    • 5 Thanks
    sunflowerseeds
    They are still legal tender in the Isle of Man....no one is mentioning that. That could be where a lot of them are still circulating! My husband works there once a month so he keeps getting them in his change
    • IanManc
    • By IanManc 15th Aug 18, 11:44 AM
    • 606 Posts
    • 1,048 Thanks
    IanManc
    They are still legal tender in the Isle of Man....no one is mentioning that. That could be where a lot of them are still circulating! My husband works there once a month so he keeps getting them in his change
    Originally posted by sunflowerseeds
    Manx government issued notes coins and current UK notes and coins are legal tender in the Isle of Man.

    The old UK round pound coins ceased to be legal tender in the Isle of Man on 28 February 2018.

    https://www.gov.im/news/2017/dec/21/uk-round-pound-coins-to-be-removed-from-circulation-by-28-february-2018/
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