In the 1972 paper Some Graphic and Semigraphic Displays, Tukey says that
“[w]e all ought to be aware of $h^2 / 12$, the approximate increase in variance due to grouping in cells of width $h$. This reaches $2\%$ of the initial variance when $h=\sigma/2$, thus supporting the classical suggestion that frequency distributions with $10$ to $20$ occupied cells are adequate for most purposes”.
I am uncertain of how these figures were derived. Preferably an answer would show the variance before and after grouping and then showing how the numbers above fit in.