Obverse Design "MILWAUKEE" curves along the top. "BREW" and "N.C.O. CLUB" are in two lines in the center. "FT. AMADOR" curves along the bottom. All lettering appears to be the same size. Circle of large beads close to the edge. Smooth plain raised edge.
Reverse Design "GOOD FOR" curves along the top. Large "50¢" in the center. The cent sign is vertical. "IN TRADE" curves along the bottom. Circle of large beads close to the edge. Smooth plain raised edge.
Metal Brass. Weight 5.3 .1 grams. Size and Shape Round, 28.9 mm in diameter.
Dates Issued Pre-World War II.
Issuer Fort Amador, on the Pacific Ocean which opened in 1913 as Fort Grant, and was renamed for Panama's first President. Ex-President Amador died on May 2, 1909, just a few months after the end of his term in office. The Fort Grant name was then used to refer to the causeway and three fortified islands adjacent to Fort Amador.
Mintage Unknown.
Rarity Very Rare. Manufacturer Unknown. Other Catalog Numbers Cunningham's CZ50f, Curto's F8-50.
Varieties None known.
Function Probably a Post Exchange token.
Population Count Two specimens in collector hands are known to me. Recent sales include:
  1. Auction sale on ebay on December 9, 2002 for $128.49 in condition VF/EF.