Obverse Design

Two lines are written horizontally across the token. The top line says "ARCO" and the bottom line says "IRIS". "ARCO IRIS" means "RAINBOW" in English. The letters are indented in the plastic. A letter "P" has been counterstamped on top of the "ARCO IRIS". It has ragged edges and is indented. It may have been formed by pressing the token with a hot metal "die."

The rest of the token is smooth and there is no rim.

Reverse Design The reverse has a large "½" centered on the token. This number (fraction) is indented in the plastic. The rest of the token is smooth and there is no rim.
Material Orange (sometimes called "red") plastic with gold lettering. Some of the gold has worn off. Weight About 1.1 grams. Size and Shape Round, 25.9 mm in diameter and 2.1 mm thick.
Dates Issued Unknown.
Issurer Original token attributed to Finca "La Princesa" near Boquete, Chiriqui owned by the family of Arnulfo Arias (former President of Panama). Origen of the counterstamp (apparently another finca) is unknown.
Mintage Unknown.
Rarity Very Rare. Manufacturer Unknown. Other Catalog Numbers None for the counterstamp "P" variety.
Varieties These tokens come in three colors - green, blue and orange. The different colored tokens are otherwise identical. The 1/2 orange is the only variety known to be counterstamped with a "P".
Function Plantation token, exact use unknown.
Population Count Two specimens in collector hands are known to me. Recent sales include:
  1. Auction sale on ebay on July 19, 2006 for $29.00 plus $2.50 shipping.
  2. Auction sale on ebay on October 6, 2005 for $36.01 plus $2.50 shipping.