Cryptic crossword clue
Unintended exchange of early letters with old golf club by wretched miser 10

The most common and most likely answer to this crossword clue is the 10 letter word SPOONERISM

I've seen this crossword clue in The Daily Telegraph
S
P
O
O
N
E
R
I
S
M


Buddy explains!

The straight part
We know that "Unintended exchange of early letters" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case unintended exchange of early letters = spoonerism.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does SPOONERISM mean?

SPOONERISM noun
  1. A play on words on a phrase in which the initial (usually consonantal) sounds of two or more of the main words are transposed.

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