Andrew Jones, the Exchequer Secretary to the Treasury, has warned members of the public that there are only seven days left to use the old style round £1 coin. It is thought that hundreds of millions of the coins remain in circulation, with shops no longer required to accept them after 15 October.
In a statement Jones said:
“The hard work of the British public has paid off and I am delighted that more than 1.2 billion round pound coins have been returned. Added together, these coins match the weight of around 3,500 elephants or 900 double-decker buses. That is a lot of coins!
There is still time to get involved and with just a week to go, I would encourage anyone who is yet to do so to dig out their remaining coins before Sunday”.