Obverse Design

Indian Bust facing left with the legend "WOODEN NICKEL" above. Circle around the Indian Bust and legend. This design is apparently the "1. Indian head without U.S.A." design on the Old Time Wooden Nickel Company's museum page.

Reverse Design Legend "LINCOLNS INDIANS" above. Legend "WORLD CROWNS" below. The center has the name "C. McNeese" and address "Box 915 Albrook, AFB Ph. 83-6209 Canal Zone".
Color Black print on natural wood.
Material Wood. Weight 2.6 grams. Size and Shape Round, 37.5 mm in diameter.
Dates Issued 1964.
Issuer Clarence McNeese, a coin dealer based in the Canal Zone. Since he gave a phone number and a postal box number only, he must have operated out of his home. The dates he ran this business are unknown to me, but include 1964 when he issued these wooden nickels. His specialties were Lincoln pennies, Indian head pennies and world crowns, as per the wooden nickel. I recently heard that he is living in Panama, and has a locksmith/coin shop located in Balboa at the Masonic Temple. Please e-mail me if you have anything to add to this information.
Mintage 500 were initially made, of which 100 were destroyed for poor quality and the remaining 400 distributed as business cards.
Rarity Scarce. Manufacturer Old Time Wooden Nickel Company. Other Catalog Numbers Asociación Numismático's FM-1, Henkle's CZ-72 and Schimmel #3.
Varieties This is the only known variety.
Function Used as a business cards by Clarence McNeese.
Population Count Seven specimens in collector hands are known to me. Recent sales include:
  1. Private sale February 2003, asking price $5.

Albrook Field Terminal around 1943
Albrook Field Terminal around 1943
Other From the Canal Zone Review, October 1, 1979 Edition. pc05-02