Obverse Design The legend "VALE AL PORTADOR" which translates to "VALUE TO THE BEARER" curves along the top. The legend "J. SUCRE" curves along the bottom. Between the top and bottom legends are dot dividers on either side. In the upper center of the token is a large "5¢". The cent sign is above the curve of the "5". Below the "5¢" horizontally across the token is the legend "COLON". The token has denticles along the edge and a smooth plain raised edge.
Reverse Design Same as the obverse. There are some small spacing differences, but otherwise the front and back are identical.
Metal White metal, probably copper-nickel. Weight 3.20 grams. Size and Shape Round, 19 mm in diameter.
Dates Issued Unknown. Perhaps issued in the 1880's.
Issurer J. Sucre.
Mintage Unknown.
Rarity Scarce. Manufacturer Unknown. Other Catalog Numbers Asociación Numismático's F-190 (photo), Conte Porras page #100, Henkle's Colon #35 (photo), Henao's COM 316-1a, Plumer page #6, Rulau's Col 67 (photo) and Schimmel #20.
Varieties There are two known varieties. One has a blank reverse and the other has the same design on both sides.
Function Merchant token.
Population Count Twelve (12) specimens are known to me in collector hands. Recent sales are as follows:
  1. Auction sale on eBay on February 10, 2008 in EF condition for $47.53 plus $6 shipping.
  2. Auction sale on eBay on February 3, 2008 in UNC condition for $105.39 plus $6 shipping.
  3. Auction sale on eBay on November 23, 2007 for $87.02 plus $5 shipping.
  4. Auction sale on eBay on September 18, 2001 for $27.01 plus $4 shipping.
  5. Auction sale on eBay on August 21, 2001 for $55.00 plus $4 shipping.
Notes Colon was founded by the Panama Railroad Company in 1850 as the Atlantic terminus of the Panama Railroad. Later, Colon became the Atlantic terminus of the Panama Canal. The 1880's were a boom-time for Colon as the French attempt to build the Panama Canal was underway.
Notas Históricas

J. Sucre era el dueño de algún establecimiento de comercio de Colón, en el estado de Panamá.

Street Scene in Colon
Street Scene in Colon
From Real Photo Post Card (unlabeled).