The new 12-sided £1 coin is being introduced into circulation on 28th March 2017. You will start to see the new 12-sided coin in the days and weeks following this.
The current £1 coin is being replaced for the first time in over thirty years because of its vulnerability to sophisticated counterfeiters.
Businesses across the UK who handle cash have been informed of the need to prepare for the introduction. Many will have upgraded their machines to accept the new £1 coin, however, not all machines will work with the new coin from the date of introduction.
The legal tender status of the round £1 coin will be withdrawn on 15th October 2017. From this date shops will no longer accept these coins, but you will still be able to take them to your bank. We would encourage you to use your coins or return them to your bank before 15th October.
Hello, my name is Anna and I love everything 'Bath'. I hope you enjoy reading all the blogs here on thebestof Bath (we do have some really great guest bloggers). Please do get in touch if you would like...