UK Warning - check your coin pots

[madelaine]

With the new £1 coin coming out soon, make sure you spend all your old ones before they become a nuisance. Any coin stash which might contain them should be raided, asap.

[buttons-and-bows]

I cant understand why they are wasting money doing them now as they are going to have to change all the money again when we get a king, not wishing any harm to our queen but things happen

[lofty100e]

From what I have read the reason is fraud, the current coins are too easily copied, whereas the new multi-sided ones will be more difficult (allegedly); although I am sure it will only slow down the shysters.

[madelaine]

I cant understand why they are wasting money doing them now as they are going to have to change all the money again when we get a king, not wishing any harm to our queen but things happen

Nope... it all remains money... don't you remember searching your coins for bun pennies when you were small?

[Mandart]

Apparently as many as 4 in every 10 pound coins in circulation is a forgery, I'm surprised it's taken them this long to change them

[pamelajonesart]

I heard you must use your old pound coins by the end of March....

[lofty100e]

I heard you must use your old pound coins by the end of March....

Actually they are valid until October, but being withdrawn from March 28th You have until October to spend them .http://www.thisismoney.co.uk/money/news/article-4078230/Round-pound-coins-cease-legal-tender-October.html

[pamelajonesart]

Actually they are valid until October, but being withdrawn from March 28th You have until October to spend them .http://www.thisismoney.co.uk/money/news/article-4078230/Round-pound-coins-cease-legal-tender-October.html

Thank you Lofty. I didn't know they were making new £2 and 50p coins as well!

[johnwash1]

Apparently as many as 4 in every 10 pound coins in circulation is a forgery, I'm surprised it's taken them this long to change them

40%? Hardly. Citation needed? Or have you noticed some strange hammering noises in Aylesford lately?

The Royal Mint regularly conducts surveys to estimate the level of counterfeit £1 coins in the UK. A survey undertaken in May 2015 found that the rate of counterfeit UK £1 coins in circulation at the time was 2.55%, compared to 3.03% in May 2014. (http://www.royalmint.com/discover/uk...ne-pound-coins)