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 "25" with "IN TRADE" in an oval block across the middle of the number. Small C to the right of the upper part of the "25". Circle of beads close to the edge. Smooth plain raised edge.
Metal Nickel. Weight 5.7 ± .1 grams. Size and Shape Round, 28.7 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 Rare. Manufacturer Unknown; design very similar to those used by Meyer and Wenthe Company. Other Catalog Numbers Cunningham's CZ270h, Curto's F298-25.
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 Three specimens in collector hands are known to me. Recent sales include:
  1. Auction sale on ebay on May 16, 2004 for a lot of five items including this token. The total price for all items was $263, and some of the other items were quite valuable as well.
  2. Private sale in October, 2004 for $50.