You can't use your old pound coins after THIS WEEKEND

The new £1 coin is designed to reduce the number of counterfeits in circulation

The hour of reckoning for the old pound coins is very almost upon us - they are just days away from being cast into the empty void of futility.

The £1 coin remains legal tender until midnight on Sunday October 15.

The discount supermarket chain Aldi is to accept the old £1 coins in its United Kingdom stores for two weeks after they cease to be legal tender. The Royal Mint has produced more than two billion round pound coins since that time.

Retailer Poundland has also said that it will continue to accept the coins up until the end of the month.

The Treasury and The Royal Mint have urged families to hunt down any remaining coins and spend, bank or donate them to charity. People will still be able to deposit the old coins into any of their usual high street bank acco unts through the Post Office.

A spokesman for the Federation of Small Businesses told the Telegraph: "Shopkeepers will be aware that the Royal Mint has this deadline but at the same time they will not want to let their loyal customers down by saying they can not pay with a round pound if they do not have any other change".

And a Tesco spokesperson said: "We've been updating our systems ready for the new pound coins, but to help customers who still have the old coins, we'll continue to accept round pounds at our tills and self-service machines for an additional week".

"Retailers are under no obligation to accept the round £1 coin from customers and should not distribute the round £1 coin after October 15".

Barry Williams, the discount store chain's trading director, said it was a "no brainer" to continue to accept the old coins.

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

If, like us, your entire "savings account" consists off an old piggy bank full of pound coins you might wanna prick your ears up. Why?

It was also warned that continuing to accept the old £1 coins leaves businesses at risk of accepting counterfeits.

Consumers who find old pound coins after the deadline can take them to any Post Office branch and deposit them into high street bank accounts.

RBS/NatWest also said it would encourage customers to try to hand in their old coins as soon as possible.

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