Watch List notes:

Panama, copper-nickel 5 centavos token, Zubieta & Pasos, Culebra, ca. 1870s. Rulau CZ-20; PT-701.05; Eklund-1030. 20 mm; 3.05 grams Obverse: "ZUBIETA & PASOS" divided by stars from "CULEBRA," with cross made of tulips in center; reverse: "VALE" above and "CENTAVOS" below with 5 in front of radiant sunburst. Choice UNC with significant luster, a few light hairlines, gold toning throughout.
($50-75)