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" curves along the bottom. There is a round hole in the middle of the coin which obliterates the letters "LIN" in the middle of the word "LIFELINERS". Circle of beads close to the edge. Smooth plain raised edge.
Reverse Design A large "50" with "IN TRADE" in an oval block across the lower half of the number. Small C inside the upper part of the "0". The hole obliterates part of the middle of the "50" and the part of the "R" from "IN TRADE". Circle of beads close to the edge. Smooth plain raised edge.
Metal Brass. Weight 7.3 .1 grams. Size and Shape Round, 32.2 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 CZ280d, Curto's F83-50.
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 Four specimens in collector hands are known to me. Recent sales include:
  1. Private sale in June, 2000 for $17.
  2. Auction sale on ebay on February 25, 2002 for $42 for the group of MT90-100, MT91-50 and MT91-100.
  3. Private sale in April, 2002 for $30.