The round pound £1.00 ceases to be legal tender from October 15, 2017.

Andrew Jones, the Exchequer Secretary to the Treasury said, “The clock is ticking. We are urging the public to spend, bank or donate their old pound coins and asking businesses who are yet to do so, to update their systems before the old coin ceases to be legal tender." If you miss the deadline though, all is not lost as HSBC, Barclays, Nationwide, RBS, Santander and Lloyds/Bank of Scotland have all told Money Saving Expert that they will swap the coin but for their customers only. The Post Office is also expected to accept the old coins. The old pound coins are to be melted down to create new ones.

 

Read more at: http://www.falkirkherald.co.uk/lifestyle/only-one-month-left-to-spend-your-old-pound-coins-1-4560010

 

The New £10.00 note featuring Jane Austen will be released from Thursday, 14 September 2017. The Current/old paper notes will cease to be legal tender some time in the spring of 2018.

https://www.theguardian.com/money/2017/sep/12/plastic-10-pound-note-jane-austen-enter-circulation-thursday

 

The Queen will be presented with the first new tenner – with serial number AA01 000001 – while Prince Philip is given the second and Theresa May the third. The general public must wait a little longer while Britain’s 48,000 cash machines are loaded with the notes, with only a handful of ATMs around the UK expected to be dispensing them on Thursday.

 

Collectors are on the hunt for very low serial numbers – those beginning AA01 – after the lowest number £5 note issued to the public, AA01000017, sold for £4,105 at a charity auction last year. Popular serial numbers for the new £10 note are expected to be the birthday of Jane Austen, 16 121775, and her death, 18 071817.

 

A line from Jane Austen’s Pride and Prejudice – “I declare after all there is no enjoyment like reading!” – will appear on the new notes, although the choice has sparked controversy. Critics say the words are said by a character with no interest in books at all, Caroline Bingley.

 

The new £10 note for the first time includes clusters of raised dots in the left hand corner, to help blind and partially sighted people identify the value of the note. It will be slightly smaller than the existing paper tenner, and is expected to last two and a half times longer.