Rarity: Scarce

Notes:
The obverse die of this variety was also used on:
1806 Overton 118
1806 Overton 120
1806 Overton 121
1806 Overton 122
1806 Overton 126

A diagnostic feature of this obverse die is the recutting on the left side of Y in LIBERTY.

This was the only use of the reverse die.  This reverse can be identified easily by the missing right base on the F of OF.  Another unusual feature is the raised line connecting the left tip of the shield with the scroll.  However, this feature is not diagnostic, as the raised line also appears on the reverse of 1806 Overton 120.  However, 1806 Overton 120 also has a raised line projecting out of the upper right corner of the shield, which this reverse does not.

Images courtesy of Heritage Numismatic Auctions

Significant examples:
PCGS MS-62.  Ex - William Walser - Bowers & Merena Galleries "The Rarities Sale", July 31, 2002, Lot 286, illustrated, sold for $28,750.00

Recent appearances:
NGC AU-58.  Ex- Heritage Numismatic Auctions, Inc.'s "October 2000 Long Beach Sale" October 5-7, 2000, Lot 6228, "Overton-119, Pointed 6, Stem", illustrated, sold for $2,645.00

ANACS VF-35.  Ex - Heritage Numismatic Auctions, Inc.'s "Philadelphia 2000 Signature Sale", August 6-7, 2000, Lot 5972, "O-119, Pointed 6, Stem", not illustrated, sold for $356.50

Fine.  Ex - Stack's "65th Anniversary Sale", October 17-19, 2000, Lot 895, "Overton 119, Pointed 6, Stem through Claw", not plated, sold for $287.50

Fine.  Ex - Stack's "The University of Notre Dame Sale", March 20-21, 2001, Lot 367, "Overton-119, Pointed 6, Stem through claw", not plated, sold for $184.00

Sources and/or recommended reading:
"Walter Breen's Complete Encyclopedia of U.S. and Colonial Coins" by Walter Breen 

"The PCGS Population Report, July 2003" by The Professional Coin Grading Service