Quids in at city bar’s old money amnesty

Sunderland Echo - - News -

A Sun­der­land pub is lin­ing up the shots to help you empty your pock­ets of the old £1 coins.

From Oc­to­ber 16, the old round coins will no longer be ac­cepted in shops, restau­rants and other re­tail­ers.

To help you get rid of the old money, Rev­o­lu­tion in Low Row is host­ing a Coin Amnesty.

Drinkers at the bar can trade in the old coins in re­turn for a shot from the bar’sHand­craft­edFlavours range, which ranges from pear drop to peanut but­ter flavour, un­til Saturday - with a maximum of three shots per cus­tomer.

The new 12-sided £1 coins were re­leased at the end of March and are cur­rently in a pe­riod of “co-cir­cu­la­tion” with the old ones.

De­spite this, it’s es­ti­mated that there are mil­lions of round pounds still in cir­cu­la­tion.

After Oc­to­ber 16, any un­spent old £1 coins can be traded in at banks but this is only a tem­po­rary op­tion.

The Royal Mint has en­cour­aged peo­ple to spend, bank or do­nate the coins be­fore Oc­to­ber 15.

The Royal Mint in­tro­duced the new £1 coin on 28 March to help crack down on coun­ter­feit­ing, with one in 30 of the old ver­sion es­ti­mated to be fake.

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