New £1 Coin - Latest Royal Mint Bulletin

The Royal Mint has just released its latest Bulletin, helping UK businesses to prepare for the arrival of the new £1 coin on March 28th

"In preparation for launch date on Tuesday 28th March, over 200 million new £1 coins have already been delivered to banks and cash centres. That’s over 100 lorry loads! To meet the demand in March, The Royal Mint has already produced over 600 million new £1 coins at a rate of up to 30 coins every second, 2,000 every minute and nearly 3 million new £1 coins per day. National media coverage about the new £1 coin has continued in February with features on Good Morning Britain, This Morning and BBC Breakfast raising public awareness of the change. This follows stories in over 100 national print and broadcast media, including The One Show. Industry reports and case studies in the media suggest that sectors with high cash transactions including national retailers, banks, car parking providers, leisure centres, bingo halls and transport providers are implementing their plans for equipment upgrades and co-ordinating customer communications ready for the new coin."

The E-Service team of field and bench engineers are working extended hours for our clients across the UK to help them & their businesses get ready for the new coin. Please don't hesitate to call for support & advice on 01707-280050

The Royal Mint bulletin continued, promoting the up-coming webinar on the new coin: "Businesses are being encouraged to view the 'Are you ready?' Business Webinar on Tuesday, 28th February at 12.00 midday. The 30 minute webinar, broadcast from www.thenewpoundcoin.com, will provide the latest news on the new £1 coin and guidance on what to do before launch, during the co-circulation period and when the current £1 coin is no longer legal tender. Businesses will also have the opportunity to ask questions. Please share the webinar details with your teams and customers."

E-Service will keep you fully posted on any practical matters arising that can assist your business to prepare for the new coin - please check back here on the website or follow us on Twitter