The new £1 coin will enter circulation in March 2017.
In September 2017, the existing £1 coin will be demonetised
and its legal tender status will be removed.
£1 Update contains some key information in
relation to the specification of the new £1 coin, the
timeline for introduction of the new £1 coin and advice
on what you and your customers should do to plan for the introduction
of the new £1 coin.
The Royal Mint is assisting HM Treasury in the introduction
of the new £1 coin and would be grateful if you could
distribute it to any relevant customers. A detailed business
education and awareness campaign is also planned for Autumn
For more information about the new £1 coin please visit