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 "Club El Marino" above. Legend "Coco Solo, C.Z." below. The center has a motto "THE MAJORITY OF US THOROUGHLY ENJOY LIFE".
Color Black print on natural wood.
Material Wood. Weight About 2.6 grams. Size and Shape Round, 37.5 mm in diameter.
Dates Issued Unknown (1970's?).
Issuer Club El Marino based in Coco Solo, Canal Zone. Translated from the Spanish, "Club El Marino" means "The Sailor Club". Please e-mail me if you know more about this club.
Mintage Unknown.
Rarity Very Rare. Manufacturer Probably the Old Time Wooden Nickel Company. Other Catalog Numbers None.
Varieties There are a total of three varieties known. One variety uses a silver background instead of the natural wood, and says "SILVER NICKEL" on the obverse. Two varieties use the natural wood background, one with blue print and one with black print.
Function The function of this piece is unknown besides what can be deduced from the piece itself. This could be a drink marker from a bar, a souvenir from a drinking club or a souvenir from a boating and yachting club. I would appreciate e-mail from anyone who can add anything.
Population Count Only one specimen in collector hands is known to me. It was sold recently as follows:
  1. Auction sale on ebay on May 22, 2003 for $26.37 plus $1.00 shipping.
Notes Since this specimen is unique, it may have been a pattern or error instead of part of a regular issue.

Panama Canal Yacht Club Cristobal
Panama Canal Yacht Club Cristobal
From the Canal Zone Review, Fall 1971 Edition
pc335-02