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Obverse Design
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All lettering incused. Manufacturer's name is in very tiny letters at
the top "AM.RY.S. CO. N. Y.".
First line across the top "PANAMA".
Line across the middle in larger font "4262" (employee number).
Third line "CANAL".
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Reverse Design
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Blank.
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Metal
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Brass
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Size and Shape
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Octagon 38 mm in size with a slot or oval hole at the top.
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Dates Issued
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Starting date January 1, 1920 through August, 1938.
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Issurer
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Panama Canal Company. This was the U.S. government entity set up by Congress
to maintain and operate the canal.
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Numbers Issued
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Pieces in collector hands include #226, #229, #730, #1270, #2014, #3382, #3717,
#4262, #5155, #5569, #5905, #7556, #7810, #8702, #9867, #10001, #10688, #11090,
#11470, #28477, #39384, #58024, #74295, #92864 and #95754.
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Rarity
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Common.
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Manufacturer
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AM.RY.S.CO., NEW YORK which was the American Railway Supply Company.
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Other Catalog Numbers
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Asociación Numismático's ID 13, Hamlin's PC-25,
Henkle's Canal Zone #104 and Rulau's CZ 75.
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Varieties
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None known.
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Function
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These were employee id checks, issued to all Panama Canal Company
employees. They were used in controlling access to Panama Canal facilities
(such as commissaries and hotels). They probably were also used to identify
each employee when they were cashing their pay certificate or paycheck. The
ICC used pay certificates in combination with the metal checks, and the Panama
Canal Company probably did the same until whenever pay checks became the standard.
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Historical Note
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The octagon checks were announced in a circular dated December 11, 1919. Checks number
1 to 20,000 were reserved for gold employees, and checks number 20,001 and higher for
silver employees. A paycheck deduction of 50 cents would be incurred for a lost check,
even if the lost check was subsequently found.
Hamlin gave the ending date for this series as August, 1938.
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Population Count
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Twenty-five specimens of this variety of brass check in collector hands are known
to me. Recent sales include:
- Check #11470 - Auction sale on ebay on March 4, 2007 for $34.55 plus $5.75 shipping.
- Check #92864 - Auction sale on ebay on February 25, 2007 for $41.00 plus $6.00 shipping.
- Check #3382 - Auction sale on ebay on October 6, 2006 for $78.99.
- Check #10001 - Auction sale on ebay on July 19, 2006 for $44.50.
- Check #2014 - Auction sale on ebay on November 11, 2005 for $50.00.
- Check #5569 - Auction sale on ebay on March 18, 2003 for $36.00.
- Check #7556 - Auction sale on ebay on February 11, 2003 for $36.00.
- Check #8702 - Auction sale on ebay on June 22, 2003 for $45.01.
- Check #4262 - Auction sale on ebay on October 14, 2002 for $45.78.
- Check #10688 - Auction sale on ebay on August 2, 2002 for $55.99.
- Check #7810 - Auction sale on ebay on July 23, 2002 for $49.95.
- Check #730 - Auction sale on ebay on February 21, 2001 for $76.01.
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Other Examples of CK-3.3
Scale: 4 pixels equals one millimeter
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