Old pound coins will still be accepted at Tesco for one more week

Tesco helps customers who still have old pound coins after Sunday’s deadline.

Welwyn Garden City, UK, 2017-Oct-13 — /EPR Retail News/ — In recent months, businesses across the UK have been preparing for the introduction of the new twelve sided £1 coin.

From Monday 16 October, as the old ‘round’ pound coin ceases to be legal tender, retailers will no longer be required to accept them and aren’t able to give them out as change.

Our tills and self-service machines are already accepting the new £1 coin, and are on hand to help with any questions our customers might have while they’re shopping. We’ve also been updating all 400,000 of our trolleys to take both the old and new £1, to make sure there’s no disruption for our customers.

However, with the Royal Mint estimating that there are still £500 million worth of old pound coins in circulation, many shoppers will be busy digging out old pound coins from bags, coats and the back of the sofa before the deadline.

That’s why, to help customers who still have old coins after Sunday, we’ll continue to accept round pounds at our tills and self-service machines for an additional week. While we won’t be giving out the round pounds in change, accepting the coins at our checkouts will give people just a little extra help – and make shopping a little bit simpler for lots of our customers.

Source: Tesco

Poundland to accept old pound coins until end of October

Retailer will accept old coins until end of October to help save Brits time and millions

Willenhall, United Kingdom, 2017-Oct-11 — /EPR Retail News/ — As the deadline looms for Brits to empty their pockets and homes of the much-loved round £1 coins, Poundland has today (9 OCT 2017) announced that it will be the first retailer in the country to accept the old coins after they are taken out of circulation on 15 October.

With the Royal Mint estimating there is £500m still in circulation, over 850 Poundland stores up and down the country will accept the old pound coins as part of its ‘Legal Tender Extender’ initiative until 31 October 2017 – more than two weeks beyond any other retailer.

Today’s announcement means Poundland shoppers with old coins stashed in piggy banks or down the side of the sofas will be quids in.

In fact, they will be able to conveniently shop and purchase 3,000-plus products at the high street retailer for an extra two-weeks rather than having to join the expected long queues in banks or post offices over coming weeks.

Poundland’s Managing Director, Barry Williams said: “We are the official home of the pound, so it’s a no brainer that we offer all Brits the opportunity to spend their hard earned round pounds for longer.

“Our Legal Tender Extender initiative means our customers have a little extra time to make the most of their money.

“We’re all about making our customers’ money go further, so providing an extra convenience for shoppers to lighten their pockets while doing the weekly shop rather than making a separate trip to the bank or post office will come as good news.”

All Poundland stores in the UK will accept the current round pound coin up until and including Tuesday 31 October 2017.

Contact:

Customer Services Team
Tel: 0333 2341877

Source: Poundland