What To Do With Old 1 Pound Coins

So, you've got a jar (or a shoebox, no judgment) filled with old one pound coins, huh? You're not alone, mate. We've all been there, staring at our little pile of round, golden history, wondering, "What on earth do I do with these now?"

First things first, let's talk history.

Remember when the round pound coins were withdrawn in 2017? The Bank of England said they were too easy to forge. But here's the thing, they never actually stopped accepting them. It's like they said, "We're breaking up with you, but we'll still take your calls."

Anyway, enough about the past. Let's get back to your coin collection. You've got a few options here, my friend.

Option 1: Cash in at the bank

Yep, you can still take your coins to the bank and exchange them for shiny new notes. It's like trading in your old vinyl records for a Spotify subscription. Progress, right?

But here's the catch. Some banks might charge you for this service. It's like they're saying, "You want us to count all these coins? That's gonna cost ya." So, check with your bank first. It's like checking the menu before you order, you know?

Option 2: Use a coin counting machine

Remember those machines at supermarkets that count your coins for you? They're like the fairy godmother of coins. They turn your pile of copper and silver into a neat little receipt. Magic!

What to do with your old £1 coins - everything you need to know

But again, there's a catch. These machines usually take a small percentage of your total as a fee. It's like they're saying, "We'll count your coins, but it's gonna cost you a few pence." So, make sure you've got enough coins to make it worth your while.

Option 3: Sell them online

Ebay, Gumtree, Facebook Marketplace - there are plenty of places you can sell your coins online. It's like having a garage sale, but for coins, and without the hassle of actually leaving your house.

But be warned, selling coins online can be a bit of a gamble. You might get lucky and find a coin collector who's willing to pay top whack for your coins. Or, you might end up selling them for less than they're worth. It's like playing the coin lottery, really.

Old pound coins: what do we do with them now? | Howden Insurance

Option 4: Keep them as a souvenir

Why not keep your coins as a little piece of history? They're like tiny time capsules, aren't they? Each one tells a story. Like that one coin you found down the back of the sofa. Or the one you used to buy your first pint.

Plus, who knows? One day, those coins might be worth something. I mean, look at all those people who kept their old £5 notes with Jane Austen on them. They're practically millionaires now. Okay, maybe not. But you get the idea.

So, what's it gonna be?

Only you can decide what to do with your old one pound coins. But remember, whatever you choose, it's important to do something with them. They're not just coins, they're part of your story. And who knows? One day, you might look back and be glad you kept them.

So, there you have it. Four options for your old one pound coins. Now, who's ready for another coffee?