Author Topic: £1 old coin fail  (Read 1075 times)

£1 old coin fail
« on: January 16, 2018, 10:06:57 pm »
I've just found 75 of the little buggers ;-(

I have a charity I'd prefer to donate to but they don't take them,

All the banks / BS's have not updated their advice since last year does anyone know who will definitely still take them?
TIA

Basil

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Re: £1 old coin fail
« Reply #1 on: January 16, 2018, 10:31:25 pm »
My pub was still accepting them as they were still able to cash them in at the bank, as long as they kept them separate.
Last time I saw them accept one was just before Christmas.
So banks were still accepting them 3 or 4 weeks ago.
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Mike J

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Re: £1 old coin fail
« Reply #2 on: January 16, 2018, 10:42:50 pm »
See if your bank still takes them.

Jaded

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Re: £1 old coin fail
« Reply #3 on: January 16, 2018, 11:15:36 pm »
Banks will take them.
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CrinklyLion

  • The one with devious, cake-pushing ways....
Re: £1 old coin fail
« Reply #4 on: January 16, 2018, 11:18:14 pm »
Nationwide happily accepted the stash we found in the SmallestCub's penny teddy a week or two back.

Re: £1 old coin fail
« Reply #5 on: January 16, 2018, 11:47:55 pm »
Thanks  :thumbsup:

I've also found several 100 pre euro EU coins; are these OK to bung in a charity box at Gatwick?

Re: £1 old coin fail
« Reply #6 on: January 17, 2018, 08:52:06 am »
Thanks  :thumbsup:

I've also found several 100 pre euro EU coins; are these OK to bung in a charity box at Gatwick?

Copper washers may be worth more.  I had a business plan to convert copper pennies and half pennies into copper washers until the b*ggers started making them out of steel.
Sic transit and all that..

T42

  • Old fool in a hurry
Re: £1 old coin fail
« Reply #7 on: January 17, 2018, 09:12:28 am »
Thanks  :thumbsup:

I've also found several 100 pre euro EU coins; are these OK to bung in a charity box at Gatwick?

Nah. Save them for the collection in church.
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Re: £1 old coin fail
« Reply #8 on: January 17, 2018, 09:25:48 am »
AIUI, the Bank of England is saying that they will take them.  But since I'm not in London and can't show up at Threadneedle St, I took some a couple of weeks ago to a Lloyds branch near me (my son brought them over from Canada when he was here for Christmas).  They initially refused to take them as I do not bank with them, but there's now no NatWest branch within 30 miles so driving to my nearest branch wasn't a sensible option for me for £15 worth of coins. Lloyds did, however, eventually take them as a goodwill gesture.



Andrij

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Re: £1 old coin fail
« Reply #9 on: January 17, 2018, 09:56:17 am »
Banks should still take old £1 coins.  They still take old £5 notes, at least as of earlier this month.
;D  Andrij.  I pronounce you Complete and Utter GIT   :thumbsup:

Re: £1 old coin fail
« Reply #10 on: January 17, 2018, 10:24:01 am »
"We're advising our small business and individual customers that in the current challenging business environment they should take all cash as far back as decimalisation," said a clerk in my local Natwest. Whether his view is the official Natwest one across the UK, I don't know.
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Re: £1 old coin fail
« Reply #11 on: January 17, 2018, 11:18:45 am »
Banks should still take old £1 coins.  They still take old £5 notes, at least as of earlier this month.

In theory they will still take the old white fivers* that were phased out in the late 1950s!     Any form of currency in coin or paper CAN be banked . . . although there may be obstacles put in your way.

* I have one as a souvenir

Rob

Re: £1 old coin fail
« Reply #12 on: January 17, 2018, 03:36:47 pm »
Bank of England has to legally take any form of UK currency that was it is legal in England with only a few criteria. I think of it's been signed by the governor of the bank of England then it's as good as a contract. This goes right back to the earliest notes, well before decimalization. Well notes at least, coins I'm not sure about.