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Disney Dollars: The Happiest Money On Earth?

 
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 Posted 04/06/2021  5:38 pm Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message
PCGS - What's the most magical money on Earth? Some might say Disney Dollars, a type of scrip currency issued by The Walt Disney Company for use in its various theme parks throughout the United States as well as the Disney Store, Disney cruise ships, and at certain venues on Disney's private Caribbean island, known as Castaway Cay. Issued from 1987 through 2016, Disney Dollars have become highly collectible, increasingly scarce, and quite valuable.


This 2002 Disney Dollars $1 Denomination note honors Steamboat Willie, the 1928 cartoon short in which Mickey Mouse made his public debut appearance.

One reason Disney Dollars have become such hot commodities is that they enjoy robust crossover appeal. Widely collected in the exonumia circles, they enjoy a huge following among collectors of Disneyana, a large collectibles genre encompassing a range of Disney products, including animation cels, licensed apparel, dolls, company stock certificates, and virtually anything else bearing the Disney name. And now through March 31, 2021, collectors can submit their Disney Dollars through the PCGS Banknote Modern Service for just $15.

Printing Money Became A Mickey Mouse Business
The forerunner of the Disney Dollar was the Disney World Recreation Coupon, which was originally printed in 1971 - the same year Walt Disney World opened in Florida. These were produced in limited quantities and, while lacking cash value, they were distributed to small numbers of guests to commemorate the opening of the resort complex near Orlando. These pieces have since become quite scarce, with top-quality specimens worth hundreds, even thousands of dollars. The 1971 issues are more common than those issued in 1972, and both are highly desirable today.

Many years later, another chapter opened for Disney scrip with the creation of Disney Dollars. The brainchild of Disney artist Harry Brice, Disney Dollars were first printed on May 5, 1987, with the initial run known as the "A" series for use at the Disneyland park in Anaheim, California; a few months later a "D" series was unveiled on October 2, 1987 for distribution at the Disney World park in Florida. These pieces were originally printed by EPI Marketing Service in Battle Creek, Michigan and were made using elaborately designed plates on 100% cotton "paper" to look and feel virtually identical to United States banknotes. The bills feature various anticounterfeiting elements, including microprinting and glitter, and were "signed" by Scrooge McDuck as treasurer.

Funny Money
In all, dozens of different types of Disney Dollars were printed across four denominations ($1, $5, $10, and $50) between 1987 and the discontinuation of the series in 2016. While many Disney Dollars were standard issues, several were printed as limited-run commemorative issues. Among these commemorative pieces was a special $50 denomination released in 2005 recognizing the 50th anniversary of Disneyland, which opened in 1955.

True to Disney's merry modus operandi, Disney Dollars are anything but staid scrip. Rather, they showcase a cavalcade of Disney's most popular characters smiling, in action, and frequently engaging in humorous hijinks with other Disney characters. Even though the last Disney Dollars were printed on May 14, 2016, they are still accepted for goods and services at various Disney properties. Of course, like so many numismatic collectibles, Disney Dollars are worth far more than their printed face values, with even the most "common" $1 Disney Dollars trading for anywhere from $50 to $100 and up.
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 Posted 04/06/2021  5:49 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
That's a hard pass for me.
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 Posted 04/06/2021  5:59 pm  Show Profile   Bookmark this reply Add Bump111 to your friends list Get a Link to this Reply

Quote:
That's a hard pass for me.


How about if it was serial number 12...?

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 Posted 04/06/2021  6:04 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
If it was a gift, yes. Otherwise, I would not spend money to own an example.
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 Posted 04/06/2021  10:59 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Got to be a die hard Disney fan to must have it.

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 Posted 04/07/2021  07:26 am  Show Profile   Check walk2dwater's eBay Listings Bookmark this reply Add walk2dwater to your friends list Get a Link to this Reply
They have cute designs, but like Zero Euros, just don't register a beep on my collector's radar.
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 Posted 04/07/2021  09:20 am  Show Profile   Bookmark this reply Add Kcm to your friends list Get a Link to this Reply
There are always going to be voices raised in protest of what the other person deems valuable, still, when the owner converts his valuable item to cash, criticism passes to the new owner and the former owner is stuck with naught but jealousy (and cash).

On vacation with my, then young, family at Disney World in '87, '88, '89 and '93, I invested a total of $76.00 in 33 Disney Dollars. Fifty of those U.S. dollars were spent in 1988 for consecutively numbered fives. The rest are groups of ten consecutively numbered ones. I suspect my investment is safe.

I paid a couple of hundred to have them graded and sealed in PCGSC holders. One came back Gem New 65 PPQ; thirty came back Very Choice New 64 PPQ. I had two stragglers with random serial numbers. The five came back Choice New 63 PPQ; the one came back Extremely Fine 40 PPQ.

Then came an unexpected rub. Observe the PCGS Banknote holder imaged above. PCGS refused to renew PCGS Currency's (PCGSC's) ten year license. That group now operates as LEGACY CURRENCY GRADING but stands behind their grading and authentication under the now expired license. The PCGSC Disney Dollar population stands (permanently) at around 20,000. I don't think my grading fees will go unreturned either.

Kevin
Given the option of choosing between a very interesting coin or a rather valuable one, I'd choose the former every time . My vexation lies in the fact that the two so often coincide.
Edited by Kcm
04/07/2021 10:16 am
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 Posted 04/07/2021  09:36 am  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
Wow, 20,000 Disney Dollars graded at PCGS. That's more than double of the amount (8,374) graded at PMG. I'm surprised.
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 Posted 04/07/2021  09:57 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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Got to be a die hard Disney fan to must have it.
We are Disney nerds and go to WDW one or three times a year.

2020 was the first time we missed going to WDW since we were married in 2002.

I have a few of these tucked away. I always got them for birthday and Christmas until the electronic gift cards took over, when I held on to the last few I had. I hardly see them in the wild now.

I have to say, I like them more than the pins. You should see my wife's cousin's pin collection. I guarantee you it weighs more than my coins.
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 Posted 04/08/2021  02:08 am  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply
@Steve, if someone wants to collect graded examples of DDs, why not? Not my cup of tea either, but oh well.
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 Posted 04/08/2021  03:08 am  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
I agree CK. Collect whatever you like. I collect vintage metal lunchboxes...not everyone likes them.
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 Posted 04/08/2021  11:03 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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I collect vintage metal lunchboxes...not everyone likes them.
Probably not as cool as what you collect, but I still have the Empire Strikes Back lunchbox I used to hold my Whitman folders at one time.
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 Posted 04/08/2021  12:48 pm  Show Profile   Bookmark this reply Add SteveInTampa to your friends list Get a Link to this Reply
My only Star Wars example.

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 Posted 04/08/2021  1:42 pm  Show Profile   Bookmark this reply Add Kcm to your friends list Get a Link to this Reply
In re: last few posts: prima facie evidence -- CCf works as designed.
Given the option of choosing between a very interesting coin or a rather valuable one, I'd choose the former every time . My vexation lies in the fact that the two so often coincide.
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 Posted 04/08/2021  2:53 pm  Show Profile   Bookmark this reply Add CelticKnot to your friends list Get a Link to this Reply

Quote:
My only Star Wars example.

Wow! That thing looks pristine.
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