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.