It worked but it's nerfed

That explains why the Alemaster took forever to spawn. :|
The best way to make money (at least for me) at the 15-20 level range is to just patrol Crookback Hollow. The crookbacks range from about level 6 to around 18 or 19 towards the back in the throne room (some with a 2-3 stars, or whatever the game jargon is here- I'm fairly new to the game myself). Most crookbacks will drop a coin as well as some cheap armor or a bloodstone occasionally, which can be sold for gold. The higher echelon crookbacks will usually drop some better loot, so forming a group and stalking around the throne room usually yields decent results.
In addition, keep replaying the mine-pick quest while you're doing this. The mine pick chests are everywhere in Crookback Hollow (with 2 chests in the throne room) so you can multitask and get a little more cash money.
