Old pound coins

[Dave8472]

I banked over £100 last year no problem with HSBC. I did clean them up best I could. They also took a load of uncleared 20p and 50p with no issues.

Dave

[beaubrummell]

I used to take cleaned coins into supermarkets and put them in coinstar machines. It takes a 10% or so fee then pumps out a ticket that you can then exchange for cash in the shop. No embarassing wait or black looks from a disgruntled bank teller.

https://www.coinstar.co.uk/getcash

[theoriginalfatcat]

You are correct but as previous post threads have pointed out - what is clean? My bank refused to take them as they were not shiny. Mmmm..

SR

This is wrong though. Not what you've written Swiss Rolly but what some banks do.

Re the old pounds it was the government that changed the design. This means that they are still worth a pound regardless of if they are clean or not and as far as I know the banks just hand them in and reclaim new ones, in their role as giving out and taking in currency.

These old pounds will never be spent again, they don't need to be clean, they just need to be verified as genuine and then paid in to your account.

[theoriginalfatcat]

I used to take cleaned coins into supermarkets and put them in coinstar machines. It takes a 10% or so fee then pumps out a ticket that you can then exchange for cash in the shop. No embarassing wait or black looks from a disgruntled bank teller.

https://www.coinstar.co.uk/getcash

I did that once in York. A whole lot of small currency along with a sizeable amount of battered and black detecting finds that I'd sourced by detecting two camping sites.

I was expecting bells and sirens to sound when I dumped it all in but nothing untoward happened and it was worth the 10% fee.

[Dave8472]

I tried to bank some at HSBC today and they said they no longer take any damaged coins. It’s a bummer as they did last year. I will pop all the current stuff though the coin star and try again later with the old pound coins. They told me to send them to the Bank of England.

I have an old Nationwide account so might try them to…

Dave

[DEUSWS5]

I regularly deposit £20 bags of old and new £1 coins into my Santander account via the Post Office. Only a wash under the tap to remove any dirt is required before bagging them. At the Post Office each bag is weighed before being accepted so you can include deformed coins hit by the lawnmower if they are still complete and of full weight. Sometimes after finding the inner and outer parts of the new £1 and £2 coins separately, I hammer the inner portion back into the outer portion and put them in the bags for paying in.

[mrcheeky]

I put mine into the coin counting machines at nat west other stores n banks have tthe machines to

[Fusion]

Quote:"At the Post Office each bag is weighed before being accepted"

That's usually the source of one of my problems: they are underweight ( due to corrosion ) and so register as "19 coins" on Halifax's scales .... then the member of staff has to open them and manually count them, and then they start scrutinising them closely in an attempt to spot fakes/damaged/Gibraltar etc etc ones. I always take a few 'spare' ones along, just in case they object to any of them. So far, they have gone through 'scrutineering' OK, but I do have a Gibraltar one that I can't 'mix in' . But I'll keep my only fake so far found, for scientific purposes. It TID's like a decimal 1p , the big giveaway.

Quote:"I put mine into the coin counting machines at Nat West, other stores and banks have the machines too"
But surely, NONE of these machines take the old Pounds? They have been demonetised for about 5 years now?

[KevinB]

Does this mean old pound coins are now just brass scrap metal?

Took a bucket of coins down to the NatWest coin machine including plenty of old £1 coins, no problem. The rejected coins which there were many were accepted on the second/third try amazed how many manky coins went through. Got a slip for £300+......

[ManOnTheMoon]

I am really surprised to learn that the old, circular pound coins can still be cashed in at all!

[mrcheeky]

Yes, NatWest customers can deposit out-of-circulation coins and notes into their accounts and exchange them for new ones. However, commemorative coins cannot be swapped or deposited.
NatWest also has Cash & Deposit Machines (CDMs) at some branches that can accept coins. The Bulk Coin In machines can count large amounts of coins and provide a voucher to pay in at the counter if you dont hve a natwest account mate maybe freind does.

[DEUSWS5]

I recently paid these £2, £1 and old £1 into my bank via the Post Office in this condition.

Pounds (450 x 600).jpg

[stubble hunter]

Been using Natwest coin gobbling machine for years o.k. Sometimes you have to put the coins through more than once.

[Dave The Slave]

I get 12 minutes, when i pay with an old Pound coin.