What do businesses need to do to prepare for the new £1 coin?

All businesses which handle cash will need to prepare before the new £1 coin is introduced.

The new £1 coin is very different to the old one. This means that you will need to upgrade your coin handling equipment to recognise and validate the features of the new coin. Coin handling equipment includes vending machines, car park ticket machines, leisure centre lockers, supermarket trolleys, gaming machines, self-service checkouts, cash counting machines and any other machine that accepts £1 coins.

The Royal Mint suggest that you contact your equipment supplier to fi­nd out if you need to make any adaptations or upgrades to your coin validators or payout equipment. We are here to assist – just call the E-Service Customer Support team on 01707-280050