The article deals with the fate of the first Athenian coinage (coins known under the conventional name of Wappenmünzen) at its latest stage, when there took place a transition to coins of principally new type (“head of Athena – owl”, ΑΘΕ), which later became so glorious. The author connects the transition mentioned with the fall of tyranny in 510 BC and dates a little earlier beginning of Wappenmünzen tetradrachms issuing to 514–513 BC, while correlating it with such events as the tyrants Hippias’ clash with aristocrats and hardening of his policies.