MANY BRITISH COINS, BANKNOTES STILL UNREDEEMED

Twenty four million old-style £1 coins have been returned to the Royal Mint over the last year.

But that still leaves 145 million outstanding - even though people have been unable to spend them in shops since October 2017.

The round £1 coin was replaced by the 12-sided version to help crack down on counterfeiting.

According to the Royal Mint, the round £1 coin can still be deposited at most high-street banks.

The new £1 coin was introduced on 28 March 2017, with one in 30 of the old version estimated to be fake according to the Royal Mint, a company wholly owned by the UK Treasury.

They added: "We expect there to be some returns for a number of years to come as people find these coins."

Millions of the round £1 coins have been melted down to help create some of the new ones at the Royal Mint, based in Llantrisant near Cardiff.

The new coin is described by the Mint as the most "secure in the world" and has a string of anti-counterfeiting details, including a hologram, and micro-sized lettering inside both rims.

It also has material inside which can be detected when electronically scanned by coin-counting or payment machines.

To read the complete article, see:
Old £1 coins: 145 million coins still not returned (https://www.bbc.com/news/uk-wales-49111748)

More than £1.5bn in old fivers and tenners has still not been cashed in more than a year after the last of them ceased to be legal tender.

The Bank of England says 118 million paper £5 notes and 94 million £10 paper notes have still not been returned.

The £5 notes were withdrawn in May 2017 and the £10 notes in March 2018, since when they have not been a legally accepted means of payment.

They can still be exchanged at face value from the Bank of England.

She said the shortfall in returned fivers was likely to be because, as notes of relatively low value, they were more likely to be lost or damaged - together with a desire to retain them as souvenirs.

To read the complete article, see:
More than £1.5bn of outdated £5 and £10 notes not returned (https://www.bbc.com/news/uk-49482401)

	NBS (coinbooks.org) Web