Home   Kent   News   Article

The old round pound: Everything you need to know

By Ellis Stephenson

After this Sunday the round pound will no longer be legal tender.

That means people across Kent have an excuse to go out and spend their old coins, if they have any left.

The government announced the release of the new 12-sided pound coin in March.

The old pound coin is going out of circulation this weekend. Picture Thinkstock

The old pound coin is going out of circulation this weekend. Picture: Thinkstock

Since then small businesses have been urged to keep on taking the old £1 coins.

That was done in the hope that some of the coins that are still in circulation would come out as soon as possible in favour of the newer coin.

When it was released earlier this year, one of the first Kent towns to have the new change was Sittingbourne.

But its not all been plain sailing for everyone.

The transition to a different shape coin has meant everything from vending machines to parking meters have had to be adapted to take the new coinage - costing businesses thousands.

The new coin is being introduced by the government to thwart the activities of "sophisticated counterfeiters" who have cost the UK economy an estimated £45 million in recent years.

Join the debate...
Comments |

Don't have an account? Please Register first!

The KM Group does not moderate comments. Please click here for our house rules.

People who post abusive comments about other users or those featured in articles will be banned.

Thank you. Your comment has been received and will appear on the site shortly.

 

Terms of Comments
We do not actively moderate, monitor or edit contributions to the reader comments but we may intervene and take such action as we think necessary, please click here for our house rules. If you have any concerns over the contents on our site, please either register those concerns using the report abuse button, contact us here, email multimediadesk@thekmgroup.co.uk or call 01634 227989.

Close This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.Learn More