How to Exchange Old £1 Coins in Bulk: A Complete Guide

When the round £1 coin was withdrawn in October 2017 and replaced by the new 12-sided version, millions of the old coins disappeared from circulation. Despite the official deadline, an estimated £170 million worth of round pounds are still unaccounted for in the UK.

For many people, those old £1 coins ended up in piggy banks, car glove boxes, shop tills, and charity collection tins. While banks no longer accept them, the good news is: you can still exchange old £1 coins in bulk with Cash4Coins.

Why Banks Won’t Accept Old £1 Coins

• The round pound was demonetised in 2017.

• Banks stopped accepting them after the withdrawal period.

• Retail tills and self-service machines can no longer recognise them.

This leaves individuals, businesses, and charities with dead money – unless you use a specialist service like Cash4Coins.

Who Still Has Old £1 Coins?

It’s not just individuals with a few coins at home. Large amounts of old £1 coins are still sitting in:

• Retail tills and self-checkouts – often mixed in with foreign or damaged coins.

• Charity collection tins – people often donated unwanted round pounds instead of spending them.

• Local authorities – from parking meters, leisure centres, and vending machines.

• Individuals – in jars, drawers, and piggy banks across the UK.

The Cash4Coins Solution for Old £1 Coins

We make it simple to turn your round pounds back into real spendable money:

Send or Arrange Collection

• For small amounts, post them directly.

• For bulk collections (retailers, charities, councils), we arrange secure collection.

Sorting & Counting

• No need to separate from other coins. We handle mixed bags of old, foreign, and damaged coins.

Transparent Reporting

• Full breakdown of your coins, including the number and value of old £1s recovered.

Fast Payment

• Cleared funds sent directly to your bank account.

Benefits of Exchanging Old £1 Coins in Bulk

• Recover Hidden Revenue: Stop writing off old coins as worthless.

• Save Staff Time: No need to sort or count – we do it for you.

• Support Charity: Funds can be paid directly to your chosen cause.

• Secure & Compliant: Fully insured process and HMRC compliant.

Comparison Table: Doing Nothing vs. Using Cash4Coins

Factor	Doing Nothing	Using Cash4Coins
Value of Old £1 Coins	£0 (coins remain useless)	Real pounds recovered
Staff Effort	Sorting & storage headaches	We sort, count & report
CSR / Charity Impact	No benefit	Coins converted into valuable donations
Security	Coins can be lost or stolen	Secure collection & audit trail
Scalability	No process in place	Works for small jars or tonnes of coins

FAQs: Exchanging Old £1 Coins

Q: Can I still take old £1 coins to the bank?

A: No. Banks stopped accepting them after the demonetisation deadline in 2017.

Q: Do you accept mixed coins?

A: Yes. You can send foreign, old, and damaged coins together – we do the sorting.

Q: How quickly will I get paid?

A: Most payments are made within a few working days of receipt.

Q: Is there a minimum or maximum amount?

A: We handle everything from a handful of coins to bulk collections weighing hundreds of kilos.

Q: Do you work with charities?

A: Absolutely. Many charities send us bags of old £1 coins from donation tins. We can pay directly to your charity account.

Why Choose Cash4Coins?

• Trusted by major UK charities, councils, and retailers.

• Specialists in withdrawn and obsolete currency.

• Fast, transparent, and secure service.

• Flexible for both individuals and bulk business clients.

Don’t Let Old £1 Coins Go to Waste

Whether you’ve got a jar at home, a charity tin full of donations, or a cash office safe packed with old round pounds, those coins still have value. With Cash4Coins, you can turn them into real spendable money — quickly, securely, and with no hassle.

👉 Contact Cash4Coins today to arrange your old £1 coin exchange.

Start Exchange