The Royal Mint initially predicted that the number of new 12-sided £1 coins in circulation would overtake the Round £1 Coin by August this year.
However, due to the amount of coins that have already been returned, 8 million in total, the date has been revised to as soon as late July. Of the returned coins, most will be re-used to produce new 12-sided £1 coins, with the rest being disposed of.
This is important news for industries that deal in large quantities of £1 coins, such as vending and arcade machines, who’ll need to bring forward their machine conversation date.
Most importantly, for Change Checkers this means it is going to become increasingly challenging to complete The Great One Pound Coin Race. However, we know that you love a challenge and we’re here to help you get across the finishing line.
For all the best Round £1 Coin collecting hints and tips, take a look at our video:
For the brave ones amongst you, you can still sign up to The Great One Pound Coin Race, there’s still over 100 days to go!
The Race is on…
You’ve only got until 15 October to find all 24 circulating £1 coin designs. And after the new 12-sided £1 Coin is released on 28 March, it will get harder as banks start to replace the £1 coins they receive with the new 12-sided £1 coin.
So that’s why we’ve put our heads together to give you 21 Top Tips to complete your Great One Pound Coin Race in time.
- Check your change drawer / change pot
- Ask friends and family
- Go to the bank and change notes to £1 coins
- Swap with the Change Checker web app – changechecker.org
- Befriend the local corner shop / launderette owner and ask them for their £1 coins
- Arcade / bingo change machines
- Pay with a note and round up with loose change to maximise your £1 coin change
- Look for Facebook swap groups
- Raid your children’s piggy banks (and replace them with notes!)
- Look for abandoned supermarket trolleys
- Check down the back of the sofa
- Check old handbags
- Set up a lottery syndicate and collect the payments in round £1 coins
- Have a bake sale – everything a round £1 coin
- Offer to count up any collections and swap out the £1 coins for notes
- Car boot sale – everything is “One Round Pound”
- Pay car park charges in notes and receive the change in coins
- Check any tips your friends might be leaving at restaurants
- Always carry some £1 coins with you so you can swap any time you see a good one
- Check gym lockers
- Try to build a collection as a group – e.g. a school class – 30 Change Checkers are better than 1!
Do you have any more tips?
We’ll be giving away some special 24-Carat Gold Plated Great One Pound Coin Participant’s Medals to the best ideas. Simply comment below with your top tip.
How to enter the Great One Pound Coin Race
If you haven’t started your Great One Pound Coin Race yet, it’s not too late. Simply click here to enter today and you too could own a complete collection of £1 coins direct from your change before they’re gone for ever.