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Gloucestershire Business News

Don't get caught out with old coins

Time is running out for the old £1 coin.

Following the introduction earlier this year of the new 12-sided coin the old smooth £1 coin will cease to be legal tender at midnight on October 15.

The Royal Mint says that after that date the old coin can continue to be deposited into a customer's account at most High Street banks.

Cotswold District Council says it is carrying out a rolling programme of conversion work on all its car park pay and display machines to ensure that they will no longer accept old £1 coins.

A spokesman said: "Presently they accept both coins but once work begins on Monday 9 October and machines have been converted they will display a sign stating 'no old £1 coins accepted."

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