On 31 July 2006, the new 10 cent coin was released alongside the new 20 cent and 50 cent coins as part of the Reserve Bank's "Change for the better" silver coin replacement. The new 10 cent coins are made of steel, plated with copper. The new coins are 20.5 mm in diameter and 3.30 grams in weight. They have unmilled (plain) edges.
The reverse preserves the iconic "koruru" design by Reginald George James Berry. Koruru feature particularly strongly at the apex of the gable of a large carved house that was symbolic of the face of an important Māori ancestor from that part of the country. This particular koruru was designed by Mr James Berry specifically for use on New Zealand currency and is representative of designs from various regions.
The old (large) 10 cent coins were demonetised on 1 November 2006.