It should be pointed out that making payment in non legal tender could be considered illegal unless the vendor is aware of this eg if the vendor is happy to accept the old coins then that's fine, but if you were to pay for something without them being aware than that could be considered fraudulent. (It is more complex than that but this is a basic rule.)
UkPonyCon itself will not be accepting the old £1 coins.
you are under no obligation to accept the round £1 coin from your customers and you should not distribute the round £1 coin. Please update your staff on what they need to do.
all your round £1 coins should have been banked. However, the round £1 coin can continue to be deposited into a customer’s account at most high street banks and the Post Office*.
all your coin handling equipment should be able to accept the new £1 coin. If your equipment continues to accept round £1 coins then you may be at risk of being targeted with counterfeit coins.
*check with your bank for more details, including deposit limits.
You are arguing against yourself there. The vendors at UK PonyCon do not have to accept the old coins. UK PonyCon will not accept the old coins. There is nothing to stop a bank deciding that only their Inverness branch would accept the old coin, with a deposit limit of £5.
I would strongly advise any attendees that have round pounds to change them to the new coin before the cutoff date if they are able to do so to ensure they can be spent and to avoid any embarrassment during transactions.
pinkkittywinks: It has felt even hotter today, it was too uncomfortable to sit outside, so I stayed in today.
Jul 21, 2021 20:17:26 GMT