£1 coin NEW & OLD

Sunday, 8 October 2017

The new £1 coin

The 12-sided one pound coin entered circulation on March 28, replacing the familiar round £1 coin, which has been in circulation since 1983.

The new coin has been called “the most secure in the world” and there are more than 1.5 billion of them in circulation. About one in 30 of the old round £1 coins in circulation is a counterfeit.

Old £1 coin taken out of circulation on 15 October - what should you do if you’ve still got one? - Take it to the bank (if you have one on your town) or post office and pay it in. You cannot exchange this coin for the new ones.