(updated to add links to the pieces mentioned)
From 1914 - 1922, Italy issued a Nickel 20 Centesimi coin (lady holding wheat on one side and a flying Liberty on the other) - except for 1915-1918 (and only a comparative few in 1919 compared to the other mintages).
During and just after WWI, Nickel was in short supply and used for the war effort. So in 1918, they took roughly 77 million of the old KM28 20 Centesimi (crown and wreath on one side, country and value on the other), and restamped them with a different design (Savoia shield and country on one side, value on the other) to become KM 58.
Why?
They didn't stamp them to revalue them as worth more or less than previously. They didn't overstamp them to remove an old, despised ruler's image - the ruler at the time the original coins were issued (Umberto I) was the present ruler's father, and even then, the older coin doesn't have his name or image on it, only a crown indicating the Kingdom itself. With everything in short supply etc during / after the Great War, why expend the effort to restamp coins with essentially the same information they already had on them (country and value)? Why not just throw them back into circulation as they were?