All change! It’s the end for the round pound
Monday 16th October 2017 @ 06:00 by Adam Higgins
Greater Manchester News Tameside

Businesses across Tameside and Greater Manchester are no longer obliged to accept the old £1 coins as they cease to be legal tender as of today (Monday).

Only the new 12-sided £1 coins can now be spent but any unspent old £1 coins can be traded in at banks, although this is only a temporary measure.

Customers who receive the old £1 coins in change at shops are entitled to ask for them to be swapped for the new £1 coins.

However, some stores and major supermarkets may defy the Royal Mint’s October 15 deadline to stop accepting the old £1 coins, which have been in use since 1983.

A spokesperson for The Royal Mint said: “We have urged businesses and their frontline staff to, where possible, prioritise the new coin when giving customers their change. Customers are entitled to ask for their change in any way they wish.”

The new 12-sided £1 coins have been in circulation since March this year.

Anyone who has saved up a substantial number of old £1 coins is urged to take them to a high street bank, if you have an account with them, as soon as possible but are advised to ring them in advance to check if they are still accepting the coins.

A spokesman for The Royal Mint added: “Following the ending of legal tender status, the current round £1 coin can continue to be deposited into a customer’s account, either business or personal, at most high street banks, provided that you hold an account with them.

“Specific arrangements may vary from bank to bank, including deposit limits. It is recommended that you consult with your bank directly.”

All coin handling equipment – such as vending machines, car park ticket machines, lockers, public transport ticket machines, supermarket trolleys and self-service checkouts – should now accept the new £1 coins.

Metrolink have not been accepting the old £1 coins in their machines on the tram network since last week.