The new £1 coin recently came into circulation on the 28th of March. There is now a short co-circulation period with the old, round £1 coin, which will end in mid-October. After this, establishments will no longer accept the old £1 coin as legal tender.

With this in mind, it is essential to ensure that all of your coin handling hardware is up-to-date and ready to accept the new £1 coins, including your revaluation units.

Please remember: 35% of cash credits made at revaluation units consist of £1 coins, which means that more than £5,000 is taken each month in £1 coins at the average secondary school. Therefore, we encourage you to upgrade your revaluation units as soon as possible to avoid disruption to your school day.

Please note: If you have not already had your revaluation units upgraded to accept the new £5 polymer notes, you may also wish to request this simultaneously.