Obverse Design The legend "ANTONIO ZUBIETA" curves along the top. The legend "CULEBRA" curves along the bottom. The center is blank. Both of these legends use incuse lettering. The token has a smooth edge without a rim.
Reverse Design The legend "VALE" ("VALUE") curves along the top. The legend "CENTAVOS" ("CENTS") curves along the bottom. The center has a large "5". The legends and number use incuse lettering. The token has a smooth edge without a rim.
Metal White metal, probably copper-nickel. Weight About 3 grams. Size and Shape Round, 20 mm in diameter.
Dates Issued Unknown. Between 1852 and 1906.
Issurer Antonio Zubieta.
Mintage Unknown.
Rarity Very Rare. Manufacturer Unknown, but almost certainly the same one as JOSE DEL C. MEJIA, and likely the same one as LUM, CHANG, LONG & CO. and other tokens. Other Catalog Numbers Asociación Numismático's F-23, Henkle's Canal Zone #38, Plumer page #1, Rulau's CZ 17 (photo).
Varieties Comes in two very similar varieties; one names COLON on the bottom of the obverse, and the other names CULEBRA. Both are rare. As well, there is one known example of the CULEBRA variety with a "7" counterstamp. There is also a common ZUBIETA & PASOS token from Culebra with a much more sophisticated design, but most likely Antonio Zubieta is the Zubieta named on that token.
Function Merchant token.
Population Count Two specimens of this token in collector hands are known to me. No recent sales.
Notes

Entreprenuer and businessman. Senator and Administrator of the Hacienda Department around 1903-1906. Died between 1904-1906 in Italy.

Notes