Henry reformed the system of silver coins in England in 1247, replacing the older Short Cross silver pennies with a new Long Cross design. Due to the initial costs of the transition, he required the financial help of his brother Richard to undertake this reform, but the recoinage occurred quickly and efficiently. Between 1243 and 1258, the King assembled two great hoards, or stockpiles, of gold. In 1257, Henry needed to spend the second of these hoards urgently and, rather than selling the gold quickly and depressing its value, he decided to introduce gold pennies into England, following the popular trend in Italy. The gold pennies resembled the gold coins issued by Edward the Confessor, but the overvalued currency attracted complaints from the City of London and was ultimately abandoned.