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Obverse Design
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Circle of beads close to the edge of the octagon-shaped coin.
"N.C.O. CLUB" curves along the top of the circle.
A bow-shaped ornament appears in the top middle.
"FORT" and "SHERMAN" go across the middle in two lines.
"C.Z." curves along the bottom of the circle.
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Reverse Design
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Circle of beads close to the edge of the octagon-shaped coin.
"GOOD FOR" curved along the top of the circle.
There is a large "25¢" in the center.
"IN TRADE" curves along the bottom of the circle.
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Metal
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Brass.
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Weight
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Unknown.
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Size and Shape
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Octagon, 25 mm across.
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Dates Issued
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Unknown; may be pre-World War II.
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Issuer
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Fort Sherman, on the west bank of the Canal across from Cristobal/Colon.
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Mintage
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Unknown.
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Rarity
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Very Rare.
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Manufacturer
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Unknown.
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Other Catalog Numbers
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Asociación Numismático's F-156 (photo).
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Varieties
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One variety is round and aluminum, the other is octagon shaped and in brass.
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Function
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Perhaps a post exchange token.
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Population Count
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Only one specimen in collector hands is known to me.
I do not know of any recent sales.
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