Britain Has Until Sunday to Spend its Old Pound Coins
- 1.2 billion old coins returned before Oct. 15 deadline
- Redesigned 12-sided pound coin aimed to battle counterfeiters
A row of one pound sterling coins stand in this arranged photograph in London, U.K., on Tuesday, Sept. 19, 2017. Strategists are revising their estimates for the currency after its best week since 2009 saw it gain almost 3 percent as the Bank of England signaled it would look to withdraw stimulus “over the coming months.” Photographer: Chris Ratcliffe/Bloomberg
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Britain’s round pound coin has one week to live.
After more than three decades jingling in pockets and purses, the coin is being abandoned for a snazzier 12-sided model that has features aimed at defeating sophisticated counterfeiters.