The Reserve Bank of New Zealand released photos of pre-production samples of a new 10-cent coin bearing the effigy of King Charles III, setting out how the coin is checked and approved before the full production run begins. Quality assurance covers coin quality, weight, size, security properties and whether the coin matches the ordered design. The coin is stamped 2024, reflecting the year the order was placed with the Royal Canadian Mint, as New Zealand coins are produced overseas. The King’s effigy was designed for the Royal Mint by Dan Thorne for use on all New Zealand coins, with the Royal Numismatic Society of New Zealand providing advice on the 10-cent coin; the reverse retains the koruru design from the 1967 decimal coin series. Existing circulating coins and NZD 20 banknotes featuring Queen Elizabeth II remain legal tender and will not be withdrawn early, while minting the 20-cent, 50-cent, NZD 1 and NZD 2 coins with the new image is expected around 2027 and coins typically enter circulation about two years after production; the Bank said it will coordinate with the cash industry to avoid issues with cash-handling machines and will announce circulation timing closer to release.
Reserve Bank of New Zealand 2025-05-29
Reserve Bank of New Zealand publishes first photos of King Charles III 10-cent coin ahead of full production run
The Reserve Bank of New Zealand unveiled pre-production samples of a new 10-cent coin featuring King Charles III, detailing quality assurance processes before full production. Existing coins and NZD 20 banknotes with Queen Elizabeth II remain legal tender, with new coins expected around 2027 and circulation timing to be announced later.