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Collector John Taylor was stunned to discover that the center had completely fallen off one of his pieces. Exclusive figures from the Royal Mint for YourMoney.com show that the old £131 million coins have not yet been returned to the Royal Mint. More: Round pound deadline chaos: Poundland says yes, Lidl says no and other shops say they`re not ready yet Millions of £1 round coins have been melted down to create some of the new coins at the Royal Mint based in Llantrisant near Cardiff. Earlier this year, the Treasury confirmed that it would retain all current coin denominations. Many banks still accept old banknotes as customer deposits. Swiss Post can also accept them as a deposit in bank accounts that you can access at the post office. You can also exchange withdrawn banknotes from the Bank of England. When is the end of the “round book”? The old coin ceases to be legal tender on October 15. From Monday 16 October, shops, bars, pubs, cafes and other outlets should stop giving them to you in change. If you still have old £1 coins, chances are you can deposit them into your bank account. Many banks still allow you to deposit them, but they won`t exchange them for new coins. Note that this is at the discretion of your bank and is not legally obliged to do so.

A Royal Mint official said: “Our communication campaign encouraged the return of the old £1 coins when legal tender was removed. According to the Royal Mint, 24 million coins have been returned, but 145 million are still not taken into account. What should I do with my old parts? You can normally spend them until Sunday, but if you have a full exchange glass of them, it`s best to take them to your bank or post office to exchange for banknotes as long as they`re in 20-coin bags. While the post office can`t exchange any of your old £1 coins for new ones, you can also deposit them into your regular bank account via any post office after October 15. HSBC is pursuing “common sense” and while it offers essential counter services right now, if customers have these coins and have an essential need to trade, they will be able to do so. However, over the decades, more and more fake 1-pound coins entered the system, with the Royal Mint estimating that one in £30 1-pound coin was counterfeit. However, if you haven`t managed to spend all the old coins, you`re not necessarily out of pocket. The old 1-pound coin stopped being put into circulation in October 2017 and was replaced with a thinner, lighter 12-sided coin. Old round coins are no longer legal tender and shops, restaurants and other retailers do not accept them. The old “round book” is no longer legal tender – here`s what to do if you have something left The new coins are safer and harder to counterfeit thanks to the distinctive 12-sided shape, the combination of two metals (gold and silver) and a hologram.

Some charities may still be able to put old coins into pounds wisely. If you have a charity in mind, visit their website or call them to ask if you can donate the coins. Some will send you an envelope to send. Customers can still deposit or exchange old £1 coins. Under the current circumstances, banks that are part of the RBS Group advise people to come to branches only when they really need to. They do not advise emptying an old coin jar and coming to the store for this reason. Customers can still bring old £1 coins to the store. If customers have a nominal amount, they can be exchanged for newer coins. Larger amounts must be deposited into an account for verification purposes.

There is room for industry discretion here. If you have a rare design, you may want to stick to it as it might be worth more than its face value. The Edinburgh City 2011 coin is the rarest, with only 935,000 copies in circulation. Go to Changechecker to see how rare your room is. You can see all the drawings of coins in pounds here. What happens to all the old rooms? The old coins are taken to the Royal Mint in Wales, where they are loaded into large containers and spilled into huge ovens and melted. Many charities are happy to accept the old £1 coins – check their website to see if you can send them via free mail or ask at your local charity shop. The “safest 12-sided 1-sided coin” went into circulation in March 2017, while the former 1-pound round coin lost its legal tender status in October 2017. There is no minimum that can be deposited, but it usually allows a maximum of five bags of coins (£20 each), although this is discretionary. There is no maximum that can be deposited into child accounts. Many charities are eager to take a few old pounds from your hands here and there. Do you have old money? Learn how to evaluate old parts.

However, as has been widely reported, a number of companies will continue to accept them even after the deadline.