Posts Tagged ‘Round Pound’
What could you buy for £1 in 1983?
I thought it would be interesting to take a look at how the value of the £1 coin has changed since it was first introduced back in 1983.
It’s common knowledge that the cost of living increases over time; however you may be surprised when you see just how much some everyday items have increased in cost during the past 34 years…
Round Pound Memories
The Round Pound has been in circulation for 34 years but sadly those days are coming to an end. At midnight on Sunday 15th October the Round Pound will be demonetised and cease to be legal tender.
The Round Pound is demonetised this week
So, to celebrate this icon of British history, we want to know your favourite Round Pound Memories. These memories can be anything: good, bad, funny but hopefully nostalgic. For example:
- Where did you find your first Edinburgh City?
- Did somebody lend you a Round Pound when you needed it most?
- What’s the best thing you’ve ever bought for just £1?
We’ve got 50 Gold Plated Participant’s Medals to give away to those who share the best #RoundPoundMemories.
We have 50 Gold Plated Participant’s Medals to giveaway!
You have until midnight on Sunday 15th October to share your #RoundPoundMemories.
You can post your memories as a comment on this blog or any of our social media channels, using the #RoundPoundMemories.
We hope you enjoy your trip down memory lane!
Round £1 Coin transition date sooner than expected!
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.
12-sided £1 Coins will overtake the Round £1 Coin by July
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!
Good Luck!