Where are all the new £1 coins?
By Koalemos
@Asylum (47893)
Manchester, England
April 6, 2017 1:54pm CST
As many may now be aware, Britain has introduced a new £1 coin and the old one is due to be removed from circulation by 15th October.
Apparently 300 million new £1 coins were released on 28th March. It is also quite reasonable to assume that the Royal Mint is currently minting more every day, which are also being introduced into circulation.
Despite having received many £1 coins in my change since 28th March, I have not even seen a single new coin yet. I am beginning to wonder where they are all ending up and whether the banks are simply not circulating them as was intended.
I am aware that we have several billion £1 coins in circulation and the old ones will be by far the most prolific, but considering the number of £1 coins that I have handled over the past 9 days I would have expected to have been given at least one.
11 people like this
15 responses
@Orson_Kart (8273)
• United Kingdom
6 Apr 17
I've not seen one yet, and like you I have reluctantly received the old ones as change. I have seen lots of the new fivers, so I do believe the new pound coins exist. Just not in my vicinity.
3 people like this
@Asylum (47893)
• Manchester, England
6 Apr 17
@Orson_Kart I have many old £1 coins because I was collecting them in an old one gallon whisky bottle.
1 person likes this
@Orson_Kart (8273)
• United Kingdom
6 Apr 17
@Asylum Someone dropped a £50 jackpot on the bandit in the Rovers Return last night and that was all in old pound coins. I'd want to be swapping them asap.
1 person likes this
@allknowing (153530)
• India
7 Apr 17
While you were busy searching for those coins I was searching for the pound sign which I do not find on my keyboard. You are lucky at least you have that sign with you. (lol)
2 people like this
@Asylum (47893)
• Manchester, England
7 Apr 17
@allknowing It is on a British keyboard because it is our currency and will be in use, whereas it has less reason to be used in India.
1 person likes this
@allknowing (153530)
• India
7 Apr 17
@Asylum I thought I had the most sohpisticated keyboard atleast that's what my technician tells me. Atleast you have that sign. Be grateful
1 person likes this
@ridingbet (66854)
• Philippines
7 Apr 17
oh, i hope my brother in UK knows about this.
2 people like this
@Asylum (47893)
• Manchester, England
8 Apr 17
@ridingbet I wonder if he is hogging them all.
1 person likes this
@ridingbet (66854)
• Philippines
8 Apr 17
@Asylum i chatted with him, and he already knows it. thanks
1 person likes this
@Mike197602 (15504)
• United Kingdom
7 Apr 17
I got a couple in change today from our bar as I needed some coins to take part in the grand national sweepstake
I quite like them and they are way more stylish than the old pound coins
I quite like them and they are way more stylish than the old pound coins2 people like this
@celticeagle (189880)
• Boise, Idaho
6 Apr 17
It's only been a little over a week. Maybe the businesses haven't changed over to them yet.
1 person likes this
@celticeagle (189880)
• Boise, Idaho
6 Apr 17
@Asylum .....Yes, and some businesses it takes them a bit to get with it.
2 people like this
@connierebel (1557)
• United States
8 Apr 17
How do they remove the old ones from circulation? It seems like it would be a very difficult task, there must be billions of coins in circulation, and how would they know when they got them all? What if somebody hoards them?
1 person likes this
@marguicha (230350)
• Chile
6 Apr 17
I imagine the new coins are lighter and cost less to make than the old ones. So they will come out. Just wait.
1 person likes this
@Asylum (47893)
• Manchester, England
6 Apr 17
@marguicha I have no idea where to look.
1 person likes this
@marguicha (230350)
• Chile
6 Apr 17
@Asylum It seems that you will have to go out seeking them
1 person likes this
@BelleStarr (61463)
• United States
7 Apr 17
Yes one would have thought that you would have seen at least one, I would go to the bank and demand one!!! See if they are hoarding them.
1 person likes this
@garymarsh6 (24026)
• United Kingdom
6 Apr 17
I have yet to get one too. I asked the chappie in the shop about them. He said the bank sends them out only to certain locations our nearest place is around 10 miles away. He said they will eventually filter through! I want one now though!
1 person likes this
@Asylum (47893)
• Manchester, England
6 Apr 17
@garymarsh6 Probably well worn as well.
1 person likes this
@Jeanniemaries (8237)
• United States
9 Apr 17
I wasn't aware of the new coin. What was the reason for it?
1 person likes this
@Asylum (47893)
• Manchester, England
9 Apr 17
@Jeanniemaries Finding the right material for banknotes would be difficult.
1 person likes this
@Jeanniemaries (8237)
• United States
9 Apr 17
@Asylum Now that is a good reason. I would think though that anyone doing this would find paper money easier to work with than coins.
1 person likes this
@DesirousDreamer (34776)
• Peoria, Arizona
6 Apr 17
I wouldn't think you would see one yet. There are so many people still using their old coins so the new coins will get buried for quite some time. So probably within the next few months you will get one. We didn't get many of our new bills for ages.
1 person likes this
@DesirousDreamer (34776)
• Peoria, Arizona
11 Apr 17
@Asylum Haha well probably within the next few months you will find one
1 person likes this
@Asylum (47893)
• Manchester, England
11 Apr 17
@DesirousDreamer It has been 2 weeks now and still not a single one in my change.
