Check hole for coin once more (8)
I believe the answer is:
reinvent
'coin once more' is the definition.
(coin or invent again)
'check hole' is the wordplay.
'check' becomes 'rein' (both can mean to control or limit).
'hole' becomes 'vent' (vent is a kind of hole).
'rein'+'vent'='REINVENT'
'for' acts as a link.
(Other definitions for reinvent that I've seen before include "Recreate" , "Change (something) so as to appear entirely new" , "design again" , "Change (something) so much as to appear new" , "Create anew - not the wheel, please" .)