When is the deadline to use the old pound coin?

Nearly a third of the 500m still in circulation are locked inside children's money boxes.

Parents have been urged to smash them open and get their youngsters spending before shops stop accepting the round pound coins as legal tender.

That means people across Kent have an excuse to go out and spend their old coins, if they have any left.

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Iceland group managing director Tarsem Dhaliwal said: "We have been ready to accept the new pound coins since they entered circulation in March and all our trolleys have been converted to accept both new and old-style coins".

"However, it is very clear that hundreds of millions of the old coins remain in circulation just three days before the Royal Mint's deadline".

As many parking machines have not yet converted to the new 12-sided coin there is a good reason why many auto owners will have a still have a stash lying about.

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"Make sure your team members talk to customers to ensure they are also aware of the rules around pound coins".

"But, as the deadline approaches, we are keen to encourage everyone to track down their fi nal coins and use them".

"After October 15, the 12-sided £1 coin will be the only £1 coin being spent in the United Kingdom".

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