(Picture: PA)

Many people lost a few good £1 coins when the round versions were taken out of circulation, and similarly with the old £5 notes.

Now it’s time to spend your old tenners before the same fate befalls them.

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Around a billion of the new notes featuring Jane Austen have been printed as the Bank of England tries to phase out the paper ones for their new polymer counterparts.

They’ve been in circulation since September 24th last year, so you’ve likely seen one by now. These have a lifespan of around five years, compared to the paper copy’s two.

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When does the old £10 note expire?

The final day to use your old notes is March 1st 2018.

After this date they are technically no longer legal tender and not worth anything.

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What can I do with my old £10 notes after this date?

If you do still have old tenners after this date, don’t fret too much. If you live in London they can be exchanged for shiny new polymer ones at the Bank of England.

Some banks, building societies, and post offices will allow you to deposit them if you’re an account holder, but this isn’t guaranteed so call ahead to see, and to check their last dates if they are participating.

Certain shops may continue to take the paper notes. For example, Greggs took the round pound coins after their cut-off date, which was the perfect excuse to grab a sausage roll.

Last year the first £5 note made from polymer was released. Making notes from a polymer film means that the note itself is more durable and harder to forge.

The production of these new notse has sparked controversy after it was revealed that a small amount of animal fat was used to produce the polymer pellets in the production process.

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