Treasury Minister Warns Public to use old £1 Coins in next week

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”.