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| Old £1 coins: 145 million coins still not returned | Old £1 coins: 145 million coins still not returned |
| (about 7 hours later) | |
| Twenty four million old-style £1 coins have been returned to the Royal Mint over the last year. | 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. | 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. | 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. | 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. | 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. |
| There were about 1.7 billion round £1 coins in circulation at the start of the six-month transition period in March 2017. | There were about 1.7 billion round £1 coins in circulation at the start of the six-month transition period in March 2017. |
| A Royal Mint official said: "Our communications campaign encouraged the return of old £1 coins when legal tender was removed. | A Royal Mint official said: "Our communications campaign encouraged the return of old £1 coins when legal tender was removed. |
| "The small proportion of coins not returned can continue to be deposited into a customer's account at most high street banks in the UK." | "The small proportion of coins not returned can continue to be deposited into a customer's account at most high street banks in the UK." |
| They added: "We expect there to be some returns for a number of years to come as people find these coins." | 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. | 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. | 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. | It also has material inside which can be detected when electronically scanned by coin-counting or payment machines. |
| The last 10 demonetised coins were: | The last 10 demonetised coins were: |
| 1.Round £1 - 2017 | 1.Round £1 - 2017 |
| 2.Large 50p - 1998 | 2.Large 50p - 1998 |
| 3.Large 10p - 1993 | 3.Large 10p - 1993 |
| 4.Florin - 1993 | 4.Florin - 1993 |
| 5.Large 5p - 1990 | 5.Large 5p - 1990 |
| 6.Shilling - 1990 | 6.Shilling - 1990 |
| 7.Decimal Halfpenny - 1984 | 7.Decimal Halfpenny - 1984 |
| 8.Sixpence - 1980 | 8.Sixpence - 1980 |
| 9.Threepence (silver and nickel-brass) - 1971 | 9.Threepence (silver and nickel-brass) - 1971 |
| 10.Penny (pre-decimal) - 1971. | 10.Penny (pre-decimal) - 1971. |
| The first pre-decimal coin, the florin, and the shilling were not demonetised until the 1990s, though had effectively ceased to circulate long before then. | |
| Earlier this year, the Treasury confirmed that it would keep all the current denominations of coins. | Earlier this year, the Treasury confirmed that it would keep all the current denominations of coins. |
| An independent review of cash published in March suggested that banknotes and coins were a necessity for eight million people. | An independent review of cash published in March suggested that banknotes and coins were a necessity for eight million people. |