Obverse Design Badge is based on a circle, with some decorations above and below the circle. The top decorations are some leaves or branchs and a perched eagle with spread wings. The eagle's head is down and facing to its right (our left). The circle has an inner circle with two bugles facing down in the center. The bugle represents an old-fashioned megaphone and is a symbol of authority. Fire department officers at one time used these megaphones to direct fire fighters during a fire. The inner circle has a rope or beaded edge and then there is an outer circle. The outer circle has lettering of "CAPTAIN" curving above and "CANAL ZONE" below. There is a diamond design to the right and the left of the inner circle. Below the outer circle is a leaf design coming to a blunt point. In the center of this leaf design is a small shield shape with an incuse "F.D.". The inner circle of the badge has a textured background.
Reverse Design Vertical pin back. There is the manufacturer's name and location in three lines: "RUSSELL", "UNIFORM CO." and "NEW YORK". Below that is another line which reads "1/15-10K G.F".
Metal Probably brass, gold-filled with 10K gold. Size and Shape About 42 mm by 61 mm.
Dates Issued This badge type was used from sometime before 1956 until September 30, 1979. On that date the Fire Department was transitioned to the Canal Commission. The Fire Department remained in one form or another and is still there protecting the locks.
Issurer Panama Canal Company.
Rarity Very Rare. Manufacturer Russell Uniform Company of New York. Source 'hp2xsg' Collection.
Varieties None known.
Function

Fire Department badge. I would appreciate e-mail from anyone who can add anything to the history of these badges.

Population Count Known specimens are as follows:
  1. 'hp2xsg' Specimen - private collection, pictured above.
  2. 'panama_bob' Specimen - Sold on ebay by 'hp2xsg' to 'panama_bob' in new condition (February 2, 2003, $102.50).