Exchange Old £1 Coins

How to Exchange Old £1 Coins (Round Pounds) in the UK

Do you still have old £1 coins hidden in drawers, money boxes, glove compartments, or charity coin collections? These coins, commonly called round pounds, were taken out of circulation in October 2017 and replaced by the new 12-sided £1 coin.

Although old £1 coins are no longer legal tender, they can still be exchanged. With Cash4Coins, you simply package your coins, choose Freepost, courier drop-off, or free collection, and receive fast payment directly to your bank or PayPal.

We are the UK’s trusted experts in converting withdrawn coins, foreign currency, and old banknotes into real money. Whether you’ve found a handful of coins or hold bulk quantities from charity donations or business collections, our service makes it easy to turn old round pounds back into cash.

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What Are Old £1 Coins (Round Pounds)?

The round pound was introduced in 1983 as a replacement for the £1 note. Over the years, more than 2.2 billion coins were minted in over 20 different designs, featuring national symbols from England, Scotland, Wales, and Northern Ireland.

In March 2017, the Royal Mint introduced the new 12-sided £1 coin, designed to combat counterfeiting. By October 2017, the old round pound ceased to be legal tender. Today, banks and post offices will no longer accept them, which means that millions of coins remain unused in homes, businesses, and charity boxes across the UK.

Why Exchange Old £1 Coins with Cash4Coins?

✔ Fast payment – money transferred to your bank within 48 hours.

✔ Trusted service – used by UK airports, banks, supermarkets, charities, retailers, police forces, and local authorities.

✔ Any amount accepted – from a few coins to bulk collections.

✔ All conditions welcome – we accept worn, damaged, or bagged coins.

✔ More than just £1 coins – send us old British coins, pre-decimal currency, obsolete banknotes, and leftover foreign coins too.

Our service is designed to make the process quick, simple, and completely secure.

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Can I Still Use Old £1 Coins in Shops or Banks?

No. Since October 2017, round pounds are no longer legal tender. Shops, supermarkets, banks, and post offices will not accept them. The only way to unlock their value is through a specialist exchange service like Cash4Coins.

How to Exchange Old Pound Coins – Step by Step

1. Collect your coins – gather your old £1 coins, round pounds, and any other unwanted currency.

2. Complete our online form – takes less than 2 minutes.

3. Send your coins – use freepost for small amounts or tracked courier for larger bulk.

4. We count and sort – all coins are verified and valued.

5. Get paid fast – money is transferred directly to your bank account.

It’s the easiest way to make your old round pounds useful again.

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The Value of Old £1 Coins

Most old £1 coins are worth their original face value, but certain rare designs can be more valuable to collectors. Examples include:

• Edinburgh £1 coin (2011) – one of the rarest £1 designs.

• 2011 Cardiff £1 coin – sought after by collectors.

• 2008 Royal Arms £1 coin – lower mintage compared to other designs.

Even if your coins are not rare, Cash4Coins ensures you receive value for every coin you send.

Who Exchanges Old £1 Coins with Us?

• Charities – who collect round pounds in fundraising drives.

• Businesses – including retailers, banks, and airports clearing old tills and cash offices.

• Individuals – anyone finding old pound coins in savings jars, coin collections, or down the back of the sofa.

We work with everyone from large organisations to private individuals. No amount is too small or too large.

Why Were Round Pounds Withdrawn?

The Royal Mint reported that by 2017, one in every 30 £1 coins was counterfeit. The introduction of the 12-sided coin, with multiple security features, solved this problem. While the new coin is more secure, the withdrawal left over £1 billion worth of old pound coins unreturned. Many of these coins are still hidden away in homes and businesses today.

Frequently Asked Questions About Old £1 Coins

Can I still bank old £1 coins?

No, most banks stopped accepting them after October 2017.

Do you accept damaged or corroded coins?

Yes, we accept coins in all conditions.

Can I send other coins with my old pounds?

Yes, we also accept foreign coins, obsolete banknotes, pre-decimal coins, and damaged currency.

How quickly will I be paid?

Most payments are made within 48 hours of receiving your coins.

Do you accept rare or commemorative coins?

Yes – and in some cases, rare coins may hold higher collector value.

Exchange More Than Just Old £1 Coins

At Cash4Coins, we don’t just handle round pounds. We also exchange:

• Old British coins – pre-decimal and withdrawn coins.

• Foreign coins and banknotes – from all over the world.

• Obsolete banknotes – including old UK notes no longer redeemable at banks.

• Damaged coins – corroded, worn, or bent coins accepted.

This makes us a one-stop solution for clearing out unusable currency and turning it into cash.

Start Your Old £1 Coin Exchange Today

Don’t let your old round pounds go to waste. Join thousands of individuals, businesses, and charities who have already exchanged their old £1 coins with Cash4Coins.

Start Your Exchange Now – Turn Old £1 Coins into Cash

Fast. Simple. Trusted.