Still tricky.
- In order to issue enough new coins to circulate an entirely new currency, you need a lot of precious metal on hand. Even doing it over time
- Unless you at least match the gold content of previous coins, Gresham’s Law works against you.
- Economic dislocation is not popular and a new regime wants to avoid angering everyone in the kingdom with money.
- It’s a huge amount of work for a really marginal gain.