You can't use your old pound coins after THIS WEEKEND


The Post Office is also expected to accept the old coins. "To make the transition as easy as possible for our customers, we will continue to accept the old £1 coins as payment across our stores until 31 October". Speaking to the Express & Star, he said: "We will still be accepting them as long as the bank takes them from us".

While there was much interested around the new 12-sided coin, hoarders with stashes of old £1 coins have been warned to cash them in sooner rather than later, before they are useless, and worthless!

And a number of shops have chose to flout the Royal Mint's deadline and will accept the old coins up to two weeks after it stops being legal tender.

"Retailers are under no obligation to accept the round £1 coin from customers and should not distribute the round £1 coin after October 15".

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A trade organisation representing 170,000 businesses has advised its members to continue taking the round coins, because the changeover period has been so short.

The Treasury and The Royal Mint have urged families to hunt down any remaining coins and spend, bank or donate them to charity.

However, the postal service won't swap old pound coins for new ones.

"All round £1 coins should have been banked". After that time, businesses can stop accepting it and will not automatically be giving it as change for notes.

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However, some retailers have faced criticism over the change to the new 12-sided pound coins.

Consumers who find old pound coins after the deadline can take them to any Post Office branch and deposit them into high street bank accounts.

The reason behind the new coins is that they will be harder to forge as one in 30 of the old round ones were thought to be fake.

The Post Office said customers can continue to deposit their old round pounds into any of their usual high street bank accounts through any post office - even after October 15 - "until further notice".

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Chatting to the BBC, a Tesco spokeswoman said: "We've been updating our systems ready for the new pound coins, but to help customers who still have the old coins, we'll continue to accept round pounds at our tills and self-service machines for an additional week".