By George Bowden in The Huffington Post.
The deadline for spending the current issue pound coins has been announced.
A new design of pound coin, announced late last year, will launch in March, with the old version becoming obsolete just over six months later.
Once the deadline has passed the old pound coins won’t be worth their weight in gold – or more precisely copper, zinc and nickel.
The Government said it is launching a campaign to help raise awareness and encourage the public to return the old one pound coins – identified by their ‘round’ traditional design.
This is the first time the one pound coin has been introduced in over thirty years.
Around £1.3 billion worth of coins are stored in savings jars across the country, and the current one pound coin accounts for almost a third of these.
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