recoinage

Replacing old money

Recoinage is the process of withdrawing currency from circulation and issuing new coins in its place—typically to update designs, restore worn coinage, or reform monetary standards.

Historically, governments undertook recoinage to address debasement or standardize currency: The Great Recoinage of 1696 replaced clipped and worn silver coins.

The term can extend figuratively to any fundamental reformulation of something previously established.

numismatics

mint

Aromatic culinary herb

obverse · reverse · bullion · alloy · mintage · circulation · proof · engraving · commemorative · medallion

monetary

devaluation

Lowering of currency worth

fiscal · treasury · reserve · liquidity · stabilization · redenomination · bimetallism · fiat · convertibility · parity

linguistic

neologism

Newly created expression

borrowing · loanword · derivation · portmanteau · blend · back-formation · calque · terminology · vocabulary · repurposing

reinvention

rebranding

Revising corporate identity

revival · renewal · refresh · repositioning · revitalization · reconceptualization · makeover · modernization · update · reworking

Categories
Opposites
legitimacy of currency creation

recoinagecounterfeiting

Making fake money

forgery · debasement · money laundering · debasing

monetary action

recoinagedemonetization

Withdrawing currency's legal status

Family

coin, coins, coinage, coining, coined, coiner, recoined, recoin

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