diff --git a/lib/blockchain/chain.js b/lib/blockchain/chain.js
index e37758c1..d9cce0fb 100644
--- a/lib/blockchain/chain.js
+++ b/lib/blockchain/chain.js
@@ -626,10 +626,10 @@ Chain.prototype.verifyInputs = co(function* verifyInputs(block, prev, state) {
   var i, view, tx, valid;
 
   if (this.options.spv)
-    return new this.db.CoinView();
+    return new CoinView();
 
   if (this.isGenesis(block))
-    return new this.db.CoinView();
+    return new CoinView();
 
   view = yield this.db.getCoinView(block);
 
diff --git a/lib/blockchain/chaindb.js b/lib/blockchain/chaindb.js
index a462d8f0..fc351358 100644
--- a/lib/blockchain/chaindb.js
+++ b/lib/blockchain/chaindb.js
@@ -19,8 +19,6 @@ var co = require('../utils/co');
 var Network = require('../protocol/network');
 var CoinView = require('./coinview');
 var Coins = require('./coins');
-var CoinViewOld = require('./coinview-old');
-var CoinsOld = require('./coins-old');
 var LDB = require('../db/ldb');
 var layout = require('./layout');
 var LRU = require('../utils/lru');
@@ -61,9 +59,6 @@ function ChainDB(chain) {
   this.network = chain.network;
   this.options = new ChainOptions(chain.options);
 
-  this.CoinView = this.options.newCoins ? CoinView : CoinViewOld;
-  this.Coins = this.options.newCoins ? Coins : CoinsOld;
-
   this.db = LDB({
     location: chain.options.location,
     db: chain.options.db,
@@ -123,7 +118,7 @@ ChainDB.prototype._open = co(function* open() {
 
   yield this.db.open();
 
-  yield this.db.checkVersion('V', 1);
+  yield this.db.checkVersion('V', 2);
 
   state = yield this.getState();
   options = yield this.getOptions();
@@ -154,7 +149,7 @@ ChainDB.prototype._open = co(function* open() {
     entry = ChainEntry.fromBlock(this.chain, block);
 
     this.logger.info('Writing genesis block to ChainDB.');
-    yield this.save(entry, block, new this.CoinView());
+    yield this.save(entry, block, new CoinView());
   }
 
   this.logger.info('Chain successfully loaded.');
@@ -638,7 +633,7 @@ ChainDB.prototype.getCoin = co(function* getCoin(hash, index) {
   coins = this.coinCache.get(hash);
 
   if (coins)
-    return this.Coins.parseCoin(coins, hash, index);
+    return Coins.parseCoin(coins, hash, index);
 
   coins = yield this.db.get(layout.c(hash));
 
@@ -648,7 +643,7 @@ ChainDB.prototype.getCoin = co(function* getCoin(hash, index) {
   if (state === this.state)
     this.coinCache.set(hash, coins);
 
-  return this.Coins.parseCoin(coins, hash, index);
+  return Coins.parseCoin(coins, hash, index);
 });
 
 /**
@@ -667,7 +662,7 @@ ChainDB.prototype.getCoins = co(function* getCoins(hash) {
   coins = this.coinCache.get(hash);
 
   if (coins)
-    return this.Coins.fromRaw(coins, hash);
+    return Coins.fromRaw(coins, hash);
 
   coins = yield this.db.get(layout.c(hash));
 
@@ -677,7 +672,7 @@ ChainDB.prototype.getCoins = co(function* getCoins(hash) {
   if (state === this.state)
     this.coinCache.set(hash, coins);
 
-  return this.Coins.fromRaw(coins, hash);
+  return Coins.fromRaw(coins, hash);
 });
 
 /**
@@ -698,7 +693,7 @@ ChainDB.prototype.hasCoins = function hasCoins(hash) {
  */
 
 ChainDB.prototype.getCoinView = co(function* getCoinView(block, callback) {
-  var view = new this.CoinView();
+  var view = new CoinView();
   var prevout = block.getPrevout();
   var i, prev, coins;
 
@@ -1841,7 +1836,6 @@ function ChainOptions(options) {
   this.prune = false;
   this.indexTX = false;
   this.indexAddress = false;
-  this.newCoins = false;
 
   this.forceWitness = false;
 
@@ -1877,11 +1871,6 @@ ChainOptions.prototype.fromOptions = function fromOptions(options) {
     this.indexAddress = options.indexAddress;
   }
 
-  if (options.newCoins != null) {
-    assert(typeof options.newCoins === 'boolean');
-    this.newCoins = options.newCoins;
-  }
-
   if (options.forceWitness != null) {
     assert(typeof options.forceWitness === 'boolean');
     this.forceWitness = options.forceWitness;
@@ -1929,12 +1918,6 @@ ChainOptions.prototype.verify = function verify(options) {
 
   if (!this.indexAddress && options.indexAddress)
     throw new Error('Cannot retroactively disable address indexing.');
-
-  if (this.newCoins && !options.newCoins)
-    throw new Error('Cannot retroactively enable new coin serialization.');
-
-  if (!this.newCoins && options.newCoins)
-    throw new Error('Cannot retroactively disable new coin serialization.');
 };
 
 ChainOptions.prototype.toRaw = function toRaw() {
@@ -1956,9 +1939,6 @@ ChainOptions.prototype.toRaw = function toRaw() {
   if (this.indexAddress)
     flags |= 1 << 4;
 
-  if (this.newCoins)
-    flags |= 1 << 5;
-
   bw.writeU32(this.network.magic);
   bw.writeU32(flags);
   bw.writeU32(0);
@@ -1979,7 +1959,6 @@ ChainOptions.prototype.fromRaw = function fromRaw(data) {
   this.prune = (flags & 4) !== 0;
   this.indexTX = (flags & 8) !== 0;
   this.indexAddress = (flags & 16) !== 0;
-  this.newCoins = (flags & 32) !== 0;
 
   return this;
 };
diff --git a/lib/node/config.js b/lib/node/config.js
index 1bad216f..7ea737ee 100644
--- a/lib/node/config.js
+++ b/lib/node/config.js
@@ -167,7 +167,6 @@ config.parseData = function parseData(data, prefix, dirname) {
   options.coinCache = num(data.coincache);
   options.indexTX = bool(data.indextx);
   options.indexAddress = bool(data.indexaddress);
-  options.newCoins = bool(data.newcoins);
 
   // Mempool
   options.limitFree = bool(data.limitfree);
diff --git a/lib/node/fullnode.js b/lib/node/fullnode.js
index d171bf1e..a3124885 100644
--- a/lib/node/fullnode.js
+++ b/lib/node/fullnode.js
@@ -74,7 +74,6 @@ function FullNode(options) {
     coinCache: this.options.coinCache,
     indexTX: this.options.indexTX,
     indexAddress: this.options.indexAddress,
-    newCoins: this.options.newCoins,
     maxFiles: this.options.maxFiles
   });
 
diff --git a/test/chain-test.js b/test/chain-test.js
index 97a54a19..d797a35a 100644
--- a/test/chain-test.js
+++ b/test/chain-test.js
@@ -17,7 +17,7 @@ describe('Chain', function() {
 
   this.timeout(5000);
 
-  node = new bcoin.fullnode({ db: 'memory', apiKey: 'foo', newCoins: true });
+  node = new bcoin.fullnode({ db: 'memory', apiKey: 'foo' });
   // node.walletdb.client = new Client({ apiKey: 'foo', network: 'regtest' });
   chain = node.chain;
   walletdb = node.walletdb;
@@ -55,13 +55,6 @@ describe('Chain', function() {
     return yield attempt.mineAsync();
   });
 
-  it('should use correct coin serialiation', function() {
-    assert(node.chain.db.CoinView === require('../lib/blockchain/coinview'));
-    assert(node.chain.db.Coins === require('../lib/blockchain/coins'));
-    assert(node.chain.db.CoinView !== require('../lib/blockchain/coinview-old'));
-    assert(node.chain.db.Coins !== require('../lib/blockchain/coins-old'));
-  });
-
   it('should open chain and miner', cob(function* () {
     miner.mempool = null;
     constants.tx.COINBASE_MATURITY = 0;