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Kids set to lose £92 million as old pound coins go out of circulation

The research we conducted has revealed that over half (53%) of the 1,003 respondents with children aged 4-14 say their children have five or more old pound coins sitting in their piggybanks. A population of 18.5 million under 16 year olds indicates that over 92 million old pound coins are set to go out of circulation. After 15th October, these pound coins won’t be accepted by shops and can only be deposited in banks. As deposit limits vary bank to bank, families may find it very difficult to find a use for their old pound coins.”.

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