Designed by: Augustus Saint-Gaudens
Issue Dates: 1907-1908
Composition: 90% gold, 10% copper
Diameter: 34 mm
Weight: 33.43 grams (516.00 grains)
Edge: Lettered E PLURIBUS UNUM
Business Strike Mintage: 5,294,968
Proof Mintage: Fewer than 5

After the High Relief MCMVII pieces had been struck, the design was modified under the direction of Charles E. Barber at the Philadelphia Mint, and subsequent issues featured shallow relief and the date in Arabic numerals. The first style minted, that produced at the Philadelphia Mint in 1907 and 1908 and in Denver in 1908, lacks the motto IN GOD WE TRUST, for President Theodore Roosevelt personally objected to it.

The general design remains the same as on the High Relief issues and depicts Miss Liberty striding forward, with rays and the Capitol building in the background, LIBERTY above, and the date, now expressed in Arabic numerals, to the lower right. The reverse is similar and depicts an eagle flying to the left over the sun, with UNITED STATES OF AMERICA and TWENTY DOLLARS in two lines above. Around the obverse border of all Saint-Gaudens $20 issues is a circle of stars, 46 stars on those minted from 1907 through 1911 and 48 stars on those made from 1912 through 1933.

Examples of the 1907-1908 No Motto style are readily obtained in grades from Extremely Fine to AU. Uncirculated pieces are encountered with some frequency, but superb Uncirculated coins are decidedly scarce.