The old coin will continue to be accepted until 15 October this year. After this date, you will have to take the coin to a bank to exchange it.
New £1 statistics
Thickness: 2.8mm – thinner than old coin
Weight: 8.75g – lighter than old coin
Diameter: 23.43mm – larger than old coin
Number to enter circulation: 1.5 billion – about 23 per person. Old £1 coins will be melted down to make new ones
Outer ring: gold-coloured, made from nickel-brass
Inner ring: silver-coloured, made from nickel-plated alloy
The new coin has been delivered to 33 banks and post offices throughout the UK, but you’ll likely see them more and more in the coming weeks.