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2024

What to do with old coins and banknotes

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If you’re interested in clever ways to bolster your savings, what about all those old coins and banknotes you’ve got lurking in the bottom of a drawer at home? Those that you’re not sure what to do with?Over the decades bank notes and coins have come and gone, but while you might not be able to spend them in the corner shop or the pub, they could still have some value – and many of us know we’ve still got a few lying around.So if you finally go through your drawers and empty the kids’ old money boxes, you could see what you’ve got; and the good news is much can still be converted into cash to spend today.The better news: some coins you find might be worth even more than you can get for them by simply converting them at the bank.What can I do with old pound coins?Let’s start with the old pound coin, one of the most popular coins that many of has still hanging around.The old £1 coin launched in 1983, replacing the old £1 banknote, and went out of circulation in October 2017 to be replace...