Obverse Design

The legend "MARINE POST EXCHANGE" curves along the top. The legend
"I.C.Z. PANAMA" curves along the bottom (I.C.Z. stands for Isthmian
Canal Zone). In the center there is a bow ornament at the top
"CAMP" and "ELLIOTT" in two lines and then another bow ornament below.
There is a circle of beads close to the edge.
The token has a smooth plain raised edge.

Reverse Design

The legend "GOOD FOR" curves along the top, and the legend "IN TRADE" curves
along the bottom. There is a large "25¢" in the center. Three small fivepoint
stars are around the denomination  one above, one below and one to the left.
There is a circle of beads close to the edge.
The token has a smooth plain raised edge.

Metal

Aluminum.

Weight

2.2 grams.

Size and Shape

Round, 28 mm in diameter.

Dates Issued

Sometime between 1905 and 1914.

Issuer

Camp Elliott. U.S. Marines were stationed at Camp Elliott at Bas Obispo
from 1905 to 1914.

Mintage

Unknown.

Rarity

Very Rare.

Manufacturer

Unknown.

Other Catalog Numbers

Cunningham # CZ160c and Curto # A2625, but variety not specified.

Varieties

At least two varieties of this denomination exist. The two known to me include the
"No Cents Sign" variety which has the "bow" ornament on the obverse all connected
together as one piece, and a slightly wider font. The other variety known to
me is the "stars"
variety which has three small stars around the denomination on the reverse as
well as a cents sign.
The "stars" variety has the obverse "bow" ornament as three separate
components and uses a more narrow font for the legends.

Function

Post Exchange token.

Population Count

One definite and one possible specimen in collector hands is known to me.
I do not have pricing information from any recent sales.

Notes

There are at least five series from Camp Elliott, which seems like a lot for
a ten year span. The series are:
 Uniface Aluminum, only 5 cents denomination known.
 Aluminum No Cent Sign, occurs in 5 cents, 10 cents, 25 cents and one dollar denominations.
 Brass, only one dollar denomination known.
 Aluminum with the Cent Sign, only 5 cents denomination known.
 Aluminum with the Cent Sign and Stars, only 25 cents denomination known.
