Iceland has extended its old £1 coin acceptance deadline until the end of the year

Iceland has extended its old £1 coin acceptance deadline until 31 December.

Customers can use the currency across all of The Food Warehouse and Iceland stores.

This follows Iceland and Aldi’s commitment earlier this month to accept the old £1 coin until 31 October, two weeks after it expired as legal tender.

“We try to help our customers in any way we can, and the statistics tell us that very many people must still have old pound coins stashed away in their homes or cars. So we are happy to save them the trouble of changing these old coins at a bank by allowing them to spend round pounds in our stores until the end of the year,” said Iceland group MD Tarsem Dhaliwal.

“We offer a truly amazing range of products for just £1, from deep pan pizzas, ready meals and frozen vegetables to groceries and fresh produce. Or you can save the money on your Iceland bonus card and we will add £1 for every £20 you save - probably the best rate of return you will find on the high street. So if you find a hoard of old pound coins down the sofa or in a piggy bank before the end of 2017 you know what to do - come and spend them in Iceland!”

Aldi has also told The Grocer that it will now accept the old coins until the end of November.

“With the old £1 coin still in circulation and to make the transition as easy as possible for our customers, particularly as we approach Christmas, we will continue to accept these across our stores until the end of November 2017,” said an Aldi spokeswoman.