Are your lockers ready for the new £1 coin?

Did you know that as of March 2017 there will be a new £1 coin in circulation?

You may be thinking how will this affect our lockers? Well, if you have lockers with standard key or hasp and staple locks it won’t affect you. However, if you purchased lockers before 1 ^st July 2016 with coin return or coin retain locks, they will soon become out of date and as of September 2017 unusable.

If you have purchased lockers after this date, then don’t worry we have made sure our lockers are ‘future proof’ from now on. The new coin locks accept both the current £1 coin and the new £1 coin. So, if you do need to replace your coin locks they will only need to be changed once, and whilst the coin is in transition your lockers will still be in perfect use. We’ve made it really easy to replace your coin locks and have some cost effective options available to you.

Why has the government decided to change the £1 coin?

The £1 coin is one of the oldest British coins still in circulation. It was first issued in 1983 and since then it has changed very little, making it one of the easiest coins to counterfeit. Did you know that one in 30 pound coins are actually fakes?

This causes a significant cost to taxpayers, industries and to the general public. Therefore, the government announced back in 2014 that a new £1 coin would be released. The last £1 coin as we currently know it was issued in December 2015.

The new coin will be in use from Mach 2017, not too long away, and the government are acting quickly to get the current pound coin out of circulation. By September 2017 it will not be accepted.

What will the new pound coin look like?

It has a new design similar to that of the £2 coin. It will be 12 sided with rounded edged and corners and have a nickel brass outer circle with a nickel plated solid alloy inner circle. The new design is meant to be very difficult to replicate and will have numerous counterfeit preventions.

What lock options are available?

We currently have two new coin lock options available from two different manufacturers: Lowe & Fletcher and Assa Abloy. If you need to replace your coin locks the first thing to do is check the manufacturer’s name on the back of your current locks. You will need to replace your locks with like for like (e.g. the same lock manufacturer).

If you’re a little unsure or have a different manufacturer’s name on the back of your lock please take a photo and email it to us at sales@direct2u.co.uk. We’ll be more than happy to help you and find the right locks for your lockers!

Take a look at the simple guide we’ve created below. It should help you find the right lock for your lockers! It couldn’t be easier.

Lowe & Fletcher £1 Coin Lock

KEY FEATURES

• Will accept the current and new £1 coins
• Replace your locks now and no further modification will be needed
• Standard latch fitting for lock to be positioned on right hand side of door
• Available in Wet Area version for changing rooms, gyms, swimming pools etc.
• Wet Area version locks have been tested and are suitable for chlorinated atmospheres
• Available in Coin Return and Coin Retain versions (see section above for details)
• Strong and reliable locks which are simple to install and replace
• Manufactured in the UK to exacting standards

*** Shop Lowe & Fletcher Locks here ***

Assa Abloy £1 Coin Lock

KEY FEATURES

• Lock will accept both the current and new £1 coins
• No further alterations will be required once lock has been replaced
• Standard latch fitting for lock to be positioned on right hand side of door
• Available in Wet Area version ideal for changing rooms, gyms and swimming pools
• Quality lock which is simple to fit and replace

*** Shop Assa Abloy Locks here ***

If you are looking to order a large quantity of these locks please Live Chat or Call our Sales Team on 01922 715 130 for a quotation as quantity discounts will apply. Also, for large quantities we can offer an installation team to come to your premises and replace the locks for you. If you are interested in this service please get in touch for a quote today.

Didn’t buy your lockers from us?

No problem. As long as you have followed the steps in our guide above and are sure you have chosen the right lock for your lockers you can buy online. And if you’re unsure what lock to buy just email us at sales@direct2u.co.uk or call us on 01922 715 130.