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.