Art and design






Life and style








US news

World news

Aldi to accept old £1 coin for two weeks after deadline

The new £1 coin on the left, the old round pound on the right.
The new £1 coin on the left, the old round pound on the right. Photograph: Aled Llywelyn/Athena Pictures

The discount supermarket chain Aldi is to accept the old £1 coins in its UK stores for two weeks after they cease to be legal tender.

The UK’s largest retailer, Tesco, said earlier this week that it would allow its shoppers to pay with the round pound coins at tills and self-service machines for an extra week in apparent defiance of the 15 October deadline the Royal Mint has imposed.

It follows a similar announcement by the discount retailer Poundland, which will accept round pounds until 31 October. About 500m are believed to remain in circulation.

Aldi said: “We’ve been ready to accept the new £1 coins since they first came into circulation in March. To make the transition as easy as possible for our customers, we will continue to accept the old £1 coins as payment across our stores until 31 October.”

The old coin remains legal tender until midnight on Sunday. After that time, businesses can stop accepting it and will not automatically be giving it as change for notes.

The Royal Mint and the Treasury were keen for retailers to stick to the deadline for a clean break from the round pound to avoid potential chaos being created by some shops continuing to accept them.

The new 12-sided £1 coin, which resembles the old threepenny bit, entered circulation in March and has new high-tech security features to thwart counterfeiters.

The production of the new coins followed concerns about round pounds being vulnerable to sophisticated counterfeiters. About one in 30 old-style pound coins in people’s change has been fake in recent years.

This article titled "Aldi to accept old £1 coin for two weeks after deadline" was written by Rebecca Smithers Consumer affairs correspondent, for on Wednesday 11 October 2017 07.55pm


'Every year we continue to exist, it’s a surprise': is your job on the endangered list?

It’s been a long time since a job for life was on the horizon for many; now even a job for five… Read more

‘We lost £120,000 in an email scam but the banks won’t help get it back’

It is the worst case of email intercept fraud that Money has ever featured. An Essex couple have… Read more

Help to buy has mostly helped housebuilders boost profits

The chancellor, Philip Hammond, is lining up another £10bn to extend the “help to buy” programme… Read more

Theresa May told to keep pledge over debt relief for poor

Theresa May is under pressure to fulfil her pledge to give people struggling with debts “breathing… Read more

Tenants in England still waiting for a ban on letting agents’ fees

It was in November last year that the government announced plans to ban letting agent fees paid by… Read more

One in three UK retirees will have to rely solely on state pension

About 15 million people have no pension savings and face a bleak future in retirement, according to… Read more

Slow start for auto-enrolment pensions with returns of just £2,500

The first figures on investment returns from workers pushed into auto-enrolment pensions five years… Read more

Where can I get budget cycling gear?

Every week a Guardian Money reader submits a question, and it’s up to you to help him or her out –… Read more

Service charges: government to tackle rip-offs that ‘harm’ leaseholders

Rip-off service charges and unfair costs paid by leaseholders and renters were in the government’s… Read more

My toddler was injured by a needle in a Beanie Baby

My two-year-old was recently given a new Ty Beanie Baby but after cuddling it she came away with a… Read more