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Exchange Round Pound Coins

Do you still have a stash of the old round £1 coins lying around? You’re not alone. When the UK introduced the new 12-sided £1 coin in 2017, more than 1.5 billion old round pounds were withdrawn from circulation. At the time, people were told to bank or spend them quickly. But millions slipped through the cracks—ending up in jars, drawers, piggy banks, charity collections, and even car glove compartments.

Today, round £1 coins are no longer legal tender. That means:

❌ You can’t spend them in shops.

❌ Banks often won’t accept them over the counter.

❌ Supermarkets, kiosks, and travel money counters won’t exchange them.

For most people, those round pounds seem worthless. But here’s the good news: at Cash4Coins, we offer a specialist service to exchange old round pound coins. Whether you’ve got a handful at home or bags left over from a charity or business collection, we can turn them back into usable cash.

What Happened to the Round Pound?

The round £1 coin was first introduced in 1983 and remained in circulation for more than 30 years. By 2017, however, the coin was widely counterfeited—an estimated 1 in every 30 round pounds was fake. To improve security, the Royal Mint launched the new 12-sided £1 coin, dubbed “the most secure coin in the world.”

After a six-month co-circulation period, the round £1 was officially demonetised on 15 October 2017. From that point on, shops stopped accepting them, and most banks closed their exchange windows.

Can You Still Exchange Round Pounds at the Bank?

The simple answer is no. High street banks often refuse to accept round £1 coins for exchange or deposit. They will only process legal tender coins, and round pounds are now considered obsolete.

This has left millions of coins sitting in homes, shops, supermarkets, and charities across the UK.

Why So Many Round Pounds Remain Unused

Despite warnings, a huge number of old £1 coins were never returned. Common sources include:

Households – coins tucked away in savings jars, coin trays, and piggy banks.
Charities – round pounds found in donation tins or wishing wells years later.
Shops and supermarkets – coins left in cash offices after 2017.
Businesses – vending, amusement, and parking machines often held large stocks.
Travellers – holidaymakers returning with round pounds mixed into their leftover change.

Individually, a few coins may not seem like much. But collectively, round pounds are still worth millions of pounds across the UK.

Cash4Coins – The Round Pound Exchange Service

At Cash4Coins, we specialise in exchanging coins that banks won’t accept—including old, obsolete, and demonetised coins like the round £1.

Here’s how it works:

Complete our simple online form – tell us how many round pounds you’ve got.
Send your coins to us – or book a secure courier collection for larger amounts.
We process your coins – securely, quickly, and without any hassle.
Instant payment – once your round pounds are counted, we transfer the funds directly into your bank account.

It’s quick, easy, and nationwide.

Who Uses Our Round Pound Exchange Service?

Our service is used by:

Individuals and families – clearing out drawers and jars full of old round pounds.
Charities – who still receive old £1 coins in collection tins and fundraising buckets.
Shops and supermarkets – where old round pounds often turn up in tills and cash offices.
Businesses – vending, arcade, and parking machine operators who still find them in storage.

No matter how many coins you’ve got, we’ll turn them into real value.

Why Choose Cash4Coins?

✅ Trusted nationwide – used by UK banks, supermarkets, attractions, and charities.

✅ Instant payment – once counted, money is sent straight to your bank account.

✅ All coins accepted – not just round pounds, but foreign, obsolete, and damaged coins too.

✅ Convenient service – post coins or use our secure courier collection.

✅ Proven track record – millions of pounds exchanged securely.

By the Way… We Exchange All Foreign Coins and Notes Too

While many people come to us for round pound exchanges, Cash4Coins also exchanges ALL foreign coins and notes. That includes:

Euros, Dollars, Yen, Swiss Francs, Rupees, and more
Pre-Euro currencies like French Francs, Spanish Pesetas, and German Marks
Withdrawn and obsolete notes
Old British and Irish coins

So if you’ve also got a jar of leftover holiday money, we can process it at the same time as your round pounds.

FAQs – Round Pound Exchange

1. Can I still spend old round £1 coins?

No. They are no longer legal tender and are not accepted in shops.

2. Will banks accept round pounds?

No. High street banks often refuse to exchange them.

3. Can Cash4Coins exchange all old £1 coins?

Yes. We accept all round pounds, whether in good condition or damaged.

4. Do you collect large amounts?

Yes. We can arrange secure courier collection for bulk amounts.

5. Do you accept foreign coins as well?

Yes. We exchange all foreign coins and notes alongside round pounds.