Tesco Will Still Accept Old Pound Coins After Sunday's Deadline

By Tom Pritchard on at

The Royal Mint has declared this Sunday (15th) as the last day the old round pound coins are classed as legal tender, which means shops don't have to accept them come Monday. But then it was revealed that some shops, including Poundland, might still accept them for a time. Another name to add to that list is Tesco.

The supermarket has announced that it will still accept the old pound coins for a week after the deadline, meaning you have until next Sunday (22nd) to get rid of them all.

A 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."

It's not quite as helpful as Poundland, which will be accepting them until the end of the month, but Tesco stores are literally everywhere. Seriously, they're more common than Nigel Farage's appearances on Question Time.

Banks will still be accepting the old pound coins for a brief period after the deadline, so it makes more sense for businesses to deposit them in bulk rather than having individuals queuing up at the bank for the sake of a few quid. While there has been plenty of time to spend and get rid of the old pound coins, the fact that they've still been given out as change makes getting rid of them a little trickier.

Still, while some shops might accept them after Sunday they're not allowed to give them out to customers. So the 500 million estimated to still be in circulation will quickly get pulled out of the front lines. [Standard]

More Money Posts: