Make an Enquiry Technical Help
LinkedIn Twitter FaceBook
Merchant Rentals
  • Home
  • About Us
  • Our Finance Solutions
    • Payment Terminal Finance
    • Short Term Hire
  • Technical Help
  • News
  • Careers
  • Contact Us
Time is running out to spend your old one pound coins!

Time is running out to spend your old one pound coins!

People now have less than 100 days to spend their round one pound coins, as after 15th October 2017 they will lose their legal tender.

Home | News | Time is running out to spend your old one pound coins

Time is running out to spend your old one pound coins!

People now have less than 100 days to spend their round one pound coins, as after 15th October 2017 they will lose their legal tender.

The Treasury have stated there will currently be more new twelve sided coins than round ones in circulation, however it is revealed that one in three people still have old pound coins in their homes.

Shops will accept the round coins in the lead up to and including Sunday 15th October. Alternatively, you can exchange/deposit any round pound coins at your bank. Instead of sporadically going to the bank to change your coins you can collect a large amount to then trade in for notes. If you are donating money to any charities or events taking place, consciously choose to use your old round one pound coins to dispose of them.

You can also choose to collect them, as more coins are being deposited they are becoming much more valuable. There are companies such as Change Checker that launched its £1 coin race in February which sets people to get all 25 designs before 15th October.

It is essential to know that as a business owner from the 16th October you are under no obligations to accept the round pound coin or distribute it. To find out more visit www.thenewpoundcoin.com

Back to news

Recent Posts

  • Attitudes to card payments
  • General Data Protection Regulation
  • Importance of digital skills
  • 2017 Poppy Appeal to accept contactless card donations
  • Contactless Payment Tenth Anniversary

Archives

  • January 2016
  • March 2016
  • April 2016
  • May 2016
  • June 2016
  • July 2016
  • September 2016
  • October 2016
  • November 2016

Categories

  • Business
  • General
  • charity
  • money
  • one pound coin
  • uk currency
  • accreditation
  • iso
  • contactless
  • contactless payments
  • samsung pay
  • Privacy
  • Terms
  • Cookie Policy
  • Legal Disclaimer
  • Complaints Procedure
  • Sitemap
  • Cookie Settings

© 2022 Merchant Rentals Ltd. All rights reserved.
Merchant Rentals Limited is authorised and regulated by the Financial Conduct Authority for Consumer Credit under registration number 720500.

Alternate Text
Alternate Text 1 The Boulevard, Shire Park, Welwyn Garden City, Hertfordshire, AL7 1EL
Alternate Text
1 The Boulevard, Shire Park, Welwyn Garden City, Hertfordshire, AL7 1EL

Our Use of cookies

We use cookies to help provide you with the best possible online experience. Some of these cookies are necessary to ensure the website functions properly. We also use other cookies to understand how you use our website and to make improvements based on your use, and to personalise content and marketing for you.

You can accept these cookies or manage your cookie settings here. To learn more about our cookies, visit our Cookies Policy.

We use strictly necessary cookies to make our site work. We would also like to use optional marketing cookies to provide you with offers. We will not set the optional cookies if you tell us you do not want us to enable them.


Strictly Nessessary Cookies

These cookies enable core functionality of the website. Without them we will not be able to provide you with the services you wish to use.

Performance Cookies

We do not use performance cookies.

Marketing Cookies

These cookies help provide you with relevant offers and campaign related information. These include Google Analytics cookies.


You can visit our Cookies Policy or more information about the cookies we use and our Privacy Notice for more information about our use of data and your rights.