Tesco store will accept old £1 coins after deadline
in Burnham-On-Sea has pledged to accept old round pound coins after
the deadline for spending them this Sunday.
supermarket giant will allow customers to pay with the old-style
coins for a week after they cease to be legal tender on October
Tesco spokesperson said: "We've been updating our systems ready
for the new pound coins, but to help customers who still have the
old coins, we'll continue to accept round pounds at our tills and
self-service machines for an additional week."
midnight on Sunday October 15th, the round pound will lose its legal
tender status, meaning stores cannot hand out old pound coins as
change and can refuse to accept them as payment.
have been urged to rummage through their piggy banks, wallets, pockets
and behind sofas so that they can spend them, bank them or give
them to charity before this date.
new 12-sided pound coin, which resembles the old threepenny bit,
entered circulation in March and boasts new high-tech security features
to combat counterfeiting.
production of the new coins came after concern about round pounds
being vulnerable to sophisticated counterfeiting.
one in every 30 old-style pound coins in people's change in recent
years has been fake.
banks have said that while they encourage customers to allow enough
time to hand in their old coins, they will continue to accept deposits
of round pounds from their customers after October 15th.