recall

回収　—　Making

Calling in the coin that is already out in the world.

Feudal denier10th–11th century Sixpence of Elizabeth I1560s– Crown of William III1696

This is the stage preceding a recoinage. ⚠ A recall, even if ordered, is often ineffective. This is because owners have no reason to surrender their good coins. Most successful recalls have set a deadline, declaring the old coins invalid for circulation thereafter.