The old £1 coin ceases to be legal tender on Sunday 15th October 2017.
Businesses can still hand out the old coin until this date. However, customers have the right to ask the cashier to give them a new £1 coin – if they have any – instead. But businesses don’t have to comply.
From 11.59pm on October 15, businesses are under no obligation to accept the round £1 coin from customers, so the best thing to do is take any old pound coins to a high street bank, if you have an account with them, or the Post Office.
If you have a large amount of £1 coins please check with your bank first as there may be deposit limits.