Description: It belongs in the second set of coins in 1973 (1973B)

Having grown deeply unpopular, the military junta, in an attempt to prevent further unfavourable developments, held a "referendum"in 1973 by which monarchy was abolished, the regime was renamed a republic and the yes-votes were reckoned as votes for the election of Georgios Papadopoulos, leader of the military coup, as President of greece. So this period that lasted up to the dictatorship's collapse in 1974 appears sometimes under the name Second Republic. The establishment of the new regime saw the minting of a new set of coins (also known as the second set of 1973) with the following denominations: 10,20 and 50 lepta and 1,2,5,10,20 drachmae. The themes displayed in the new coins - except the 10 and 20 lepta coins that have not changes since the first 1973 set - are virtually different from the ones in the previous issues.

In all coins, the obverse features the phoenix (the soldier is now gone in comparison of previous issues) gazing at the rays of the Holy Spirit.  Their reverse bears; the anthemion, an antique ornamental motif also used during the 19th century as antefix (50 lepta); the Athenian owl which appears on the reverse types of Athenian coins from the mid 6th century B.C. (1 and 2 drachmae);

the Pegasus, the well-known mythical winged horse that appeared in Corinthian coins from the late 7th century B.C. (5 and 10 drachmae); 

the head of Athena, inspired by the copper statue of Athena of Piraeus kept in the Archaeological Museum of Piraeus (20 drachmae).                     

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