Obverse Design "NCO CLUB" curves along the top. An bow-shaped ornament appears in the top middle. In the middle is "LIFELINERS" in quotes, and another bow-shaped ornament appears below it. "FORT KOBBE" is below that, curving along the bottom. Circle of beads close to the edge. Smooth plain raised edge.
Reverse Design A large "10" with "IN TRADE" in an oval block across the middle of the number. Small C inside the upper part of the "0". Circle of beads close to the edge. Smooth plain raised edge.
Metal Nickel. Weight 4.5 ± .1 grams. Size and Shape Round, 25.9 mm in diameter.
Dates Issued Unknown; similar designs used around 1970.
Issuer Fort Kobbe, on the west bank of the canal near the Pacific entrance and next to Howard AFB.
Mintage Unknown.
Rarity Scarce. Manufacturer Unknown; design very similar to those used by Meyer and Wenthe Company. Other Catalog Numbers Asociación Numismático's F-151 (photo), Cunningham's CZ270g, Curto's F298-10, Henkle's CZ-61 and Plumer page #4.
Varieties One variety is in nickel, one in brass with a hole, and a third exists in brass without a hole.
Function Perhaps a post exchange token.
Population Count Five specimens in collector hands are known to me. Recent sales include:
  1. Fixed price sale on eBay on July 5, 2006 for $25.00.
Note: Some specimens may have been counted twice.