This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-41608804
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Race on to spend old £1 coins as deadline looms | Race on to spend old £1 coins as deadline looms |
| (1 day later) | |
| Shoppers have until midnight to spend their old round £1 coins before they are officially withdrawn. | |
| But with up to 450 million estimated to be still in the public's hands, many retailers have said they will continue to accept them for a limited period. | |
| Businesses can refuse to take them from Monday when they will no longer be legal tender. | Businesses can refuse to take them from Monday when they will no longer be legal tender. |
| The round coin, launched in April 1983, is replaced by the new 12-sided coin that entered circulation in March. | |
| Some supermarkets and other stores said they would give shoppers some grace. | Some supermarkets and other stores said they would give shoppers some grace. |
| The Entertainer toyshop chain, which said it would continue to accept round £1 coins until Christmas. | |
| Iceland and Poundland have said they will continue to accept the old round pound until 31 October, while Tesco has said it will continue accepting the old-style coins for a week after the 15 October deadline. | |
| Coins down the back of the sofa? | Coins down the back of the sofa? |
| With the deadline to use the old £1 coin just days away, here are some of the places to look for them: | With the deadline to use the old £1 coin just days away, here are some of the places to look for them: |
| 10 places to find your old £1 coins | 10 places to find your old £1 coins |
| Some shoppers have been angered that shops have continued to give round pounds as change in the run-up to the deadline. | Some shoppers have been angered that shops have continued to give round pounds as change in the run-up to the deadline. |
| Consumers and businesses can still bank these coins beyond Sunday night's deadline. | Consumers and businesses can still bank these coins beyond Sunday night's deadline. |
| Martin Kearsley, banking services director at the Post Office, said: "Thanks to an agreement with all UK High Street banks, everyone can deposit old pound coins into their usual High Street bank account at their local Post Office branch." | Martin Kearsley, banking services director at the Post Office, said: "Thanks to an agreement with all UK High Street banks, everyone can deposit old pound coins into their usual High Street bank account at their local Post Office branch." |
| Some other payment services might not be ready for the deadline. | Some other payment services might not be ready for the deadline. |
| The British Parking Association has said it is confident that the majority of parking machines are ready or will be ready to accept the new £1 coin, but the Automatic Vending Association said it believed all machines owned by its members were now accepting the new coin. | The British Parking Association has said it is confident that the majority of parking machines are ready or will be ready to accept the new £1 coin, but the Automatic Vending Association said it believed all machines owned by its members were now accepting the new coin. |
| The Royal Mint has produced more than two billion round pound coins since its launch. | |
| The new £1 coin: Vital statistics | The new £1 coin: Vital statistics |
| Thickness: 2.8mm - thinner than old coin | Thickness: 2.8mm - thinner than old coin |
| Weight: 8.75g - lighter than old coin | Weight: 8.75g - lighter than old coin |
| Diameter: 23.43mm - larger than old coin | Diameter: 23.43mm - larger than old coin |
| Number to enter circulation: 1.5 billion - about 23 per person. Old £1 coins will be melted down to make new ones | Number to enter circulation: 1.5 billion - about 23 per person. Old £1 coins will be melted down to make new ones |
| Outer ring: gold-coloured, made from nickel-brass | Outer ring: gold-coloured, made from nickel-brass |
| Inner ring: silver-coloured, made from nickel-plated alloy | Inner ring: silver-coloured, made from nickel-plated alloy |