what to do with old pound coins

what to do with old pound coins

1 year ago 60
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Old pound coins are no longer legal tender, so they cannot be spent in shops, pubs, or anywhere else. However, there are several things you can do with them:

  1. Deposit them at a bank: Some banks still accept old pound coins, including Barclays, Nationwide, and Santander. You can deposit them into your account, and they will be exchanged for new money that you can spend.

  2. Try the Post Office: The Post Office allows customers to deposit old coins and notes into a bank account, which can then be withdrawn and spent as new money.

  3. Get them valued and sell them: If you have rare or collectible old pound coins, you can get them valued by a rare coin dealer such as Coincraft or Baldwins. If they are worth something, you can sell them to the dealer or on a selling platform such as eBay.

  4. Give them to charity: Many charities are happy to accept old pound coins. You can look on their website to see if you can send them in by freepost, or ask at your local charity.

  5. Keep them as a souvenir: Old pound coins can be kept as a souvenir, especially if they have a sentimental value or are rare.

Its worth noting that not every bank or Post Office still accepts old pound coins, so its best to check with them first before attempting to deposit them.

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