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You have until October 15th, 2017

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To spend or bank your old £1.00 coins.

 

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?473204-New-quid-on-the-block&p=4982628#post4982628

 

 

The 12-sided piece will be launched on March 28, bringing to an end the round coin’s 34-year reign. But a study found fewer than one in five of us knows when the old coin goes out of circulation.

 

AND only 13 per cent realised they will have to spend their old £1 coins by October 15 – when they cease to be legal tender.

 

http://www.express.co.uk/news/uk/772421/New-pound-coins-come-in-circulation

 


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Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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I'm sure I've got a few down the back of my couch, need to hunt for them :)


 
 

Any advice I give is honest and in good faith.:)

If in doubt, you should seek the opinion of a Qualified Professional.

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"But a study found fewer than one in five of us knows when the old coin goes out of circulation.

 

AND only 13 per cent realised they will have to spend their old £1 coins by October 15 – when they cease to be legal tender."

 

I'm shocked.

 

Do 13% - 1 in 8 of the population - really know this? Considering that the new £1 coin hasn't even been issued yet and the government publicity campaign hasn't started I'm amazed so many people knew that October 15th was the last day to use the current £1 coins. Do so many people really spend their time on the Royal Mint website? They need to get out more.

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"But a study found fewer than one in five of us knows when the old coin goes out of circulation.

 

AND only 13 per cent realised they will have to spend their old £1 coins by October 15 – when they cease to be legal tender."

 

I'm shocked.

 

Do 13% - 1 in 8 of the population - really know this? Considering that the new £1 coin hasn't even been issued yet and the government publicity campaign hasn't started I'm amazed so many people knew that October 15th was the last day to use the current £1 coins. Do so many people really spend their time on the Royal Mint website? They need to get out more.

 

http://metro.co.uk/2016/10/31/days-are-numbered-for-the-round-1-coin-6225244/

 

This is an article from October 2016 - although I am sure I have seen earlier notices of the new coin being introduced.

 

Stores that need to make changes to vending machines, local councils (parking meters) banks, post offices were apparently consulted during the design stage - sample coins have been provided to pretty much any organisation that will need to make changes.

 

When the new £5.00 note was being introduced - the new look £1.00 coin was also mentioned.

 

So, despite no actual publicity campaign, I am surprised that so few people are aware.


Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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It didnt take too long for some of those 'trial' coins to make their way on to Ebay ! Only 200,000 of them were distributed.

 

http://www.mirror.co.uk/money/new-1-coins-already-selling-9750375

 

The new coins are considered "trial coins" - and therefore aren't rare, or legitimate legal tender. They cannot be used in shops - and in March, will not default to official tender.

 

On Friday, seller "Robbiethebarge" sold his coin for £162.57, however there's no mention of how the coin was sourced.


Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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http://metro.co.uk/2016/10/31/days-are-numbered-for-the-round-1-coin-6225244/

 

This is an article from October 2016 - although I am sure I have seen earlier notices of the new coin being introduced.

 

So, despite no actual publicity campaign, I am surprised that so few people are aware.

 

13% isn't the number who'd heard of the new £1 coin, it's claimed by that reliable source the Daily Express to be the number of people who know that the date the current £1 coins cease to be legal tender is 15th October 2017 (that date isn't mentioned in the Metro article you linked).

 

That's the statistic that surprises me.

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