King Charles 10p Coin Enters Circulation: Is the 2023 Version Rare?
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King Charles 10p Coin Enters Circulation: Is the 2023 Version Rare?

More than seven million King Charles III 10p coins are entering circulation across the UK from August 25, 2026, giving people their first chance to find the King’s portrait on a 10p in everyday change. Collectors may want to check the date carefully: only 600,000 are dated 2023, compared with 6.5 million dated 2026.

The release marks the first time a King Charles III 10p has entered general circulation. The Royal Mint says the coins are being issued because of increased demand for the denomination. Queen Elizabeth II coins remain legal tender and can continue to be spent normally.

How many King Charles 10p coins are being released?

The Royal Mint is releasing 7.1 million coins: 600,000 dated 2023 and 6.5 million dated 2026. That means more than 10 times as many 2026 coins are entering circulation as 2023 examples.

The 10p becomes the fourth denomination carrying Charles III’s portrait to enter circulation, following the 50p, ÂŁ1 and 5p.

Is the 2023 King Charles 10p rare?

The 600,000 circulation figure makes the 2023 version substantially scarcer than the 2026 coin in this release, making it the date collectors are likely to watch most closely.

However, low mintage does not automatically mean every coin will become highly valuable. Collector prices depend on demand, condition, availability and what buyers actually pay. The Royal Mint’s official 10p mintage figures show how circulation totals have varied considerably between different years.

How much could the 2023 10p be worth?

There is currently no reliable basis for claiming that an ordinary 2023 King Charles 10p found in change is automatically worth a large premium.

Online asking prices should be treated cautiously because a listing does not show what collectors are actually paying. Completed sales are more useful for establishing market value. Anyone keeping a coin should also avoid polishing it, as cleaning can damage the surface and reduce collector appeal.

What does the new 10p look like?

The heads side carries King Charles III’s official coinage portrait by sculptor Martin Jennings. The reverse features a capercaillie, the world’s largest grouse, which has a limited population in Scotland.

The design belongs to the Royal Mint’s definitive collection celebrating British flora and fauna and reflects the King’s interest in conservation. The Mint hopes featuring the threatened bird on millions of coins will raise awareness of its future in Britain.

Where can you find the new King Charles 10p?

The coins are entering the normal cash network and will be distributed through Post Office branches and banks before gradually appearing in shops and everyday change. Some will also be available through tills at the Royal Mint Experience in South Wales.

Availability will vary by location, so finding one immediately on August 25 is not guaranteed.

Are King Charles coins difficult to find?

They could initially be relatively difficult to spot. Coins carrying Charles III’s portrait account for only around 1% of the approximately 24.142 billion coins circulating across the UK.

Most change will therefore continue to contain Queen Elizabeth II coins even as more Charles coins gradually enter the system.

Are Queen Elizabeth II coins still legal tender?

Yes. Queen Elizabeth II coins remain legal tender and in active circulation. People do not need to exchange them.

Coins from both reigns will circulate together. The gradual transition avoids the cost and environmental impact of withdrawing billions of usable coins solely because the monarch has changed.

Why are new coins needed as cash use falls?

Britain is increasingly using cards and mobile payments, but cash remains important. UK Finance said cash payments fell from 4.3 billion in 2024 to 3.9 billion in 2025, representing about 8% of payments.

Around 1.4 million UK adults mainly use cash for everyday spending, while 19 million use it once a month or less. By 2035, cash is forecast to represent about 4% of payments, or roughly two billion transactions.

The changing way Britons manage physical money sits alongside other developments affecting household finances, including the recent Premium Bonds prize rate changes for UK savers.

What should you check if you find one?

First, check the date. The 2023 coin has a circulation release of only 600,000 compared with 6.5 million for 2026. Next, examine its condition, remembering that scratches and ordinary wear are not minting errors.

The same distinction between limited supply and guaranteed value matters with other collectible currency, including limited-edition U.S. quarters and how to identify them.

Both King Charles 10p versions remain ordinary legal-tender coins worth 10p when spent. But for collectors, the much smaller 2023 circulation figure gives people a good reason to check the date before putting one back into circulation.

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