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WATCH: Goodbye round pound!

Old £1 coins

Published by The Stray FM News Team at 10:58am 13th October 2017. (Updated at 11:35am 13th October 2017)

The round pound is swapping the High Street for the history books this weekend.

From midnight on Sunday, the old coin will lose its legal tender status and no longer be accepted in shops and restaurants.

HM Treasury and The Royal Mint are calling on everyone to hunt down any remaining coins and spend, bank or donate them to charity.

Harrogate and Knaresborough MP Andrew Jones, who is Exchequer Secretary to the Treasury, said: "The hard work of the British public has paid off and I am delighted that more than 1.2 billion round pound coins have been returned.

"Added together, these coins match the weight of around 3,500 elephants or 900 double-decker buses. That is a lot of coins!

"There is still time to get involved and I would encourage anyone who is yet to do so to dig out their remaining coins before Sunday."

Adam Lawrence, Chief Executive and Deputy Master of The Royal Mint, added: "The round pound has been in circulation for over 30 years but, as the deadline approaches, we are keen to encourage everyone to track down their final coins and use them.

"After 15 October, the 12-sided £1 coin will be the only £1 coin being spent in the UK. As the deadline is triggered, we are proud that the security features on the 12-sided £1 coin will help to safeguard our currency for years to come."

Facts about the new £1 coin:

 

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