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145 million old £1 coins still not returned – how to make them spendable again

145 million old £1 coins still not returned – how to make them spendable again

Some 145 million old-style £1 coins still haven't been returned to the Royal Mint, more than 18 months after they went out of circulation – here's how to make them spendable again. 

Shops haven't accepted the old round £1 coins since October 2017, but there are still millions out there which could be lurking in piggybanks or down the back of sofas. 

The Royal Mint says 24 million of the old coins have been returned over the past year, but 145 million are still out there.

I've got an old £1 coin – what should I do? 

If you have an old £1 coin, you should still be able to deposit it in your bank account. 

While specific arrangements for swapping the old coins vary from bank to bank, the vast majority will let you deposit them.

For example, Bank of Scotland, Barclays, Clydesdale Bank, Halifax, HSBC UK, Lloyds, Nationwide, NatWest, RBS and Yorkshire Bank have all confirmed to us that they'll let their customers deposit the coins into their bank accounts.

The Post Office has also told us it can allow customers who bank with any of the following to deposit the old pound coins into their accounts at Post Office branches:

  • Allied Irish Bank (GB)
  • Bank of Ireland
  • Bank of Scotland
  • Barclays
  • CAF
  • Cahoot
  • Cashplus
  • Clydesdale Bank
  • Co-op Bank
  • Danske Bank
  • First Direct
  • First Trust Bank
  • Halifax
  • Handelsbanken
  • HSBC
  • Lloyds Bank
  • Metro Bank
  • Nationwide
  • NatWest
  • Royal Bank of Scotland
  • Santander
  • Smile
  • Think Money
  • TSB
  • Ulster Bank
  • Virgin Money

What does the Royal Mint say? 

A Royal Mint spokesperson said that 145 million coins is a small proportion of the overall volume, adding: "We expect returns for a number of years to come."