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21/09/2021

Check down the back of the sofa quick! You can still exchange your old £1 coins

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Have you got some of the 170 million old £1 coins that are yet to be returned to the Royal Mint? Shops in Derry stopped accepting the old style coins  last October 15, but you can still exchange them at a number of banks. The Royal Mint recommends that if you have an old £1 coin, you go directly to your bank to exchange it. Specific arrangements vary from bank to bank, but the Royal Mint says NatWest, Ulster Bank, HSBC, Barclays, Lloyds, Santander, Nationwide,  Halifax and The Post Office are still accepting deposits from their own customers. A spokesperson for the Royal Mint said: "We do not expect that all round £1 coins in circulation at the time of the transition will be returned to the Mint. "Based on the returns of other demonetised coins we expect there to be some returns for a number of years to come as people find these."

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