Cryptocurrency Q&A
Can you still cash in 1 coins?
Can you still cash in 1 coins?
GyeongjuGloryDays
Fri Nov 29 2024
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6
answers
1377
I have some 1 coins and I'm wondering if it's still possible to cash them in. Are these coins still accepted and can I exchange them for cash or use them for transactions?
6 answers
Carlo
Sun Dec 01 2024
The round £1 coin ceased to be a legal tender at midnight on October 15, 2011.
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CryptoPioneer
Sun Dec 01 2024
Despite losing its legal tender status, the round £1 coin can still be used in certain ways.
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Ilaria
Sat Nov 30 2024
Most High Street Banks in the UK allow customers to deposit the round £1 coin into their accounts.
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charlotte_clark_doctor
Sat Nov 30 2024
This service is offered despite the coin no longer being in circulation as legal tender.
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KpopStarletShine
Sat Nov 30 2024
Customers should be aware that specific arrangements for depositing the round £1 coin may vary between banks.
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