What should I do with my old pound coins?

What to do with old foreign coins in the UK?

Donate unwanted foreign coins, notes and out-of-date coins and notes to the RBL all year round at Sainsbury's Travel Money Bureaux shops that are currently open.

Is it worth to keep old coins?

Unlike securities, the value of collectibles typically isn't tied to market trends. Instead, their worth is influenced by a range of different factors, including demand. With coin collecting, as with collecting other items, the more rare the coin, the more valuable it is.

What to do with old British pounds?

The Post Office Opens in a new window will accept most old notes as a deposit into any UK bank account you can access with them. There are also 53 Post Office branches across the UK that will swap old banknotes, even if you do not have a bank account.

Are any old UK coins worth anything?

If your coins were minted before 1947, it might be more than you think. In the past, British coins were made of precious metals like gold and silver. This means that old money can be worth much more than its face value.

How to sell old UK coins?

Sell Coins Online With The Experts

At The Britannia Coin Company, we buy all coins, from large collections of historic currency to money box finds, as well as gold and silver bullion coins. Our prices are competitive and transparent, informed by decades of experience buying and selling collectable coins.

Should I keep old pound coins?

If you've got old money and don't know what to do with it, you have a few options: deposit at the bank – most UK banks and building societies still accept old coins and notes if you have an account with them. You may need to visit a branch and potentially fill out a deposit slip.

Are any 1 pound coins valuable?

While the old round pound was officially replaced by the 12-sided £1 coin in 2017, millions of the original design are still out there—and some are a rare find indeed. In fact, some of the rarest £1 coins have been known to fetch over ten times their face value.

Where can I change my old 1 pound coins?

Pay them in at your high street bank

Many high street banks let you deposit old £1 coins into your bank account or trade them in. This is also a simple option, as long as you already bank with a bank that will accept them and if you have a branch nearby.

Can banks refuse to take coins?

Yes. A bank can set its own internal policy as to whether it will accept or exchange unrolled coins for currency.

Does the post office still accept old Pound coins?

The old style coin can still be deposited at the Post Office but cannot be spent. According to the Royal Mint, which is owned by the UK Treasury, about 138 million round £1 coins have been melted down to make some of the new ones.

What old coins are wanted by collectors in the UK?

Some of The Royal Mint's Most Famous Rare Coins

• Edward VIII Coins. After abdicating just months into his reign, no coins bearing Edward VIII's portrait were struck for circulation. ...
• The 1933 Penny. ...
• 1917 George V Sovereign. ...
• Edward VIII Coins. ...
• The 1933 Penny. ...
• 1917 George V Sovereign.

How much is the 1947 to 1972 Elizabeth and Philip coin worth?

What is the 20 November 1947-1972 coin? These coins were sold by banks and post offices to celebrate the 1972 silver wedding anniversary of Queen Elizabeth II and Prince Philip. Because more than seven million were struck, they are fairly common today and not worth much more than their face value, which is 25p.

Are old pound coins still valid?

No. Shops, supermarkets, and vending machines no longer accept the old round £1 coin. They officially lost their legal tender status in October 2017, meaning you cannot use them in everyday transactions.

Is it too late to change old pound coins?

Yes – but only in small amounts. Some UK banks and building societies may still exchange a limited number of old £1 coins as a goodwill service, especially if you are a customer. However, they will usually only accept: A handful of coins at a time.

Can I exchange coins for cash for free?

Banks and credit unions often offer free coin exchange services for customers, while charging small fees for non-customers.

Which charities take old UK coins?

Collect your surplus foreign and old British money for RNIB and make a real difference to the lives of blind and partially sighted people in the UK. Image: An assortment of international notes and coins of various denominations.

Should I clean my old coins before I sell them?

While you may be tempted to polish your coins to make them look shiny and new, proceed with caution. Polishing and/or cleaning coins can reduce their value. Older coins that show deep age coloration are more desirable than coins whose surfaces have been stripped away by improper polishing or cleaning.

How to get old coins valued in the UK?

The Royal Mint offers a valuation service from as little as £20, and helps collectors identify and purchase rare historic coins. It also offers a range of information about pre-decimal coins on its website to help establish their history and significance.

How do I tell if my old coins are valuable?

How to Tell If You Possess a Rare Coin

1. Examine the Coin's Date. One of the easiest ways to tell if a coin is rare is to check the date. ...
2. Check for Errors. Errors on a coin can also affect its rarity. ...
3. Consider the Coin's Mintage. ...
4. Do Some Research.