

Disney Dollars are a type of currency available from the Walt Disney Company. Legally, they are considered gift certificates, but Disney parks, stores, and resorts in the US and Puerto Rico accept them as cash in payment of any bill.
When you use Disney Dollars in the parks, resorts, or Disney Stores, any change you get back will be in good old US greenbacks. However, if you want to cash in a bunch of Disney Dollars at one time, you will need the original receipts, and you can only cash in $100 at a time.
In the early days of Walt Disney World, circa 1971, Entertainment Coupons were issued and were given to VIPs and other park Guests. These coupons, each bearing a unique serial number and the signature of Roy O. Disney, were somewhat larger than US currency, and were only issued in $1 notes. They were also only useable at the Walt Disney World resort, not at the Disneyland Resort in California. Although not officially called Disney Dollars, these coupons are considered the precursor to today's Disney Dollar.
The current incarnation of Disney Dollars were first issued on May 5, 1987. Disney Dollars today are paper notes available in $1, $5, and $10 notes, each equal one-to-one with US Dollars, printed in bright colors on an off-white paper, and are the same physical size (6-1/4"x2-3/4") as US paper currency for ease of handling. Each note has a unique serial number, and bears the signature of Scrooge McDuck, Treasurer. When Disney first issued these notes in 1987, only the $1 and $5 notes were issued; the $10 note, bearing the image of Minnie Mouse, was added in November 1989, becoming the first paper currency in the United States to bear the portrait of a female. Even if she is a fictional female, this is quite an accomplishment for Minnie. You go, Mouse girl!
Disney Dollar $1 notes typically have Mickey Mouse on the obverse side and a castle scene representing the Disney parks on the reverse. The $5 notes have Goofy on the obverse and a steamboat on the reverse, and the $10 notes have Minnie Mouse on the obverse and a composite scene representing the many Disney parks and resorts on the reverse.
Sometime during the issue of Series 2005, Disney began adding barcodes to the reverse side of each note of all denominations. This new barcode may be another anti-counterfieting measure, or it may be a tracking device; the barcode is comprised of each note's unique serial number, the Series (Year of issue), and the denomination. By scanning these barcodes, Disney could theoretically track where and when each individual note is sold and spent. However, this barcode is conspicuously absent from samples I have obtained of the Series 2007 Princess-themed notes, and on preview images I have seen of the Series 2007 POTC-themed notes; it is unkown whether this barcode will return in future releases.
Over the years, Disney has changed the design of Disney Dollars several times to commemorate special events in Disney history, such as Mickey Mouse's 65th birthday (Series 1993), Walt Disney World's 25 Anniversary (Series 1997), the Millennium Celebration (Series 2000), and several others, as well as tweaking the base design to include anti-counterfeiting technology like micro-printing and holographic 'pixie dust.'
You can buy Disney Dollars from any Disney Store in the US, or from WDW Mail Order - (407) 363-6200, or from Guest Relations at any of the WDW parks or resorts in the US and Puerto Rico.

Disney continues the recent trend of releasing a completely new set of Disney Dollar designs, for all three denominations, for Series 2008. This year the designs commemorate Mickey Mouse's 80th Anniversary. Or, as some Mickey fans might prefer to call it, Mickey's 80th birthday.
A new set of three portraits appear on the obverse of these new notes - Mickey Mouse through the ages. On the $1 note is a classic portrait of Mickey as he appeared in 1930, on a yellowish background; the $5 note sports Mickey as he appeared in 1955 (in a band major's uniform), on a blue background; and the $10 note shows theMickey of the 21st century, on a background that combines red and yellow. Also on the obverse of each note is a special Mickey Mouse 80th Anniversary seal to the left of the portrait. Microprinting, on the obverse of the Series 2007 notes is now gone, as are the gold and silver metallic inks of Series 2005 and 2007.
The reverse design of Series 2008 sports a new, apparently hand-drawn, compilation sketch of 4 different versions of the standard Mickey Mouse through the ages, flanked by the years 1928 and 2008. Beneath the sketch is a banner procaliming "MICKEY MOUSE 80TH ANNIVERSARY."
At the top of the note, the line of microprinting first introduced in Series 2005 is again present; the words "DISNEYDOLLARS" repeats accross the page in tiny print that cannot be read without a magnifier.
Once again the barcode which was added to some Series 2005 Disney Dollars is conspicuously absent.

I have a collection of Disney Dollar $1 notes from the first year of issue in 1987 through the current 2007 issue, plus a Series 1971 Entertainment Coupon. Below are images of my collection, which show the different designs used over the years (click any DD$ to see a large, hi-res version):
On May 5, 2005, Disneyland's 50th anniversary, a new series of Disney Dollars were released to commemorate the event and mark the beginning of Disney's Happiest Celebration on Earth.
This day is also, ironically, the 18th anniversary of the modern Disney Dollar, first issued on May 5, 1987 (Disneyland's 32nd anniversary).
These new $1, $5, and $10 notes will be joined for the first time ever by a newly-designed $50 note bearing Mickey in anniversary attire on the Obverse, while all four notes will bear a uniform Disneyland anniversary design on the Reverse, and metallic gold ink in many portions of both Obverse and Reverse designs.
According to the Disney Cast Member's Portal, these new notes will also include the following anti-counterfiet measures (some of which have been used on older models):
I was able to obtain the $1, $5, and $10 notes on the day of their release, but my local Disney Store did not stock the $50 notes.
No Series 2006 Disney Dollars were produced.
That's right, Disney Dollars turn 20 years old in 2007, and on January 12, 2007, Disney released a commemorative series of notes to mark the occasion.
A new set of three portraits appear on the obverse of these new notes - Disney Princesses. The $1 note sports Arial, the Little Mermaid, on a green background; the $5 note sports Aurora, Sleeping Beauty, on a blue background; and the $10 note sports Cinderella, on a pink background. Also on the obverse is a special Disney Dollars 20th Anniversary seal to the left of the portrait. Microprinting, previously used on the reverse, is present now on the obverse as well, and held over from the Series 2005 is a scattering of holographic "pixie dust" nodes. The gold metallic inks of Series 2005 have been replaced with silver metallic inks on the obverse only.
The reverse design of Series 2007 sports a variation of Disney's new "Where dreams come true!" logo, showing Cinderella's Castle surrounded by clouds, with Tinkerbell flying above, spreading pixie dust. The topmost line on the note is actually micro-printing of the words "DISNEYDOLLARS", repeated across the length of the line in the same fashion as on Series 2005. Silver metallic inks are used on the reverse, but to a lesser extent than on the obverse.
On the first samples I obtained, the barcode which was added to some Series 2005 Disney Dollars is conspicuously absent. My guess is that this was a cost-saving measure rather than a design consideration, since each barcode included the note's unique serial number, thus making the printing of the reverse side a more complicated and costly printing process.
It is also my guess that the Disney Parks, Where Dreams Come True obverse design will become the standard obverse design for future non-commemorative Disney Dollars - assuming, that is, that there is a return to a base design for Series 2008 instead of a new commemorative issue of some kind.
Along with the new Princess designs, 2007 also saw a set of 3 $1 notes bearing Pirates of the Caribbean designs, each commemorating one of the 3 POTC movies. The first two were officially released on March 18, 2007, and the third was released on May 15, 2007.
Design 1 has the Pirates skull with crossed swords on the obverse side, and the Black Pearl on the reverse side. Particularly interesting to me, as a map maker, is the beautiful parchment-style map image used as a background on both sides of this note.
Design 2 has the Pirates skull with crossed torches on the obverse, and the Flying Dutchman on the reverse. The image in the background of the obverse looks like the Kraken pulling a ship under, and the background of the reverse has images of Davy Jones and his cursed crew.
Design 3 has the Pirates skull and cross bones on the obverse, and a ship from At World's End called the Empress on the reverse. The backgrounds of both sides appear to be fairly blank, with ripples that could be billowing sails or a cloak; the background is also a much darker brown than the gold/tan of the other two designs.

Disneyland: 50 Years of Souvenirs (Disney Dollar page)
MyDisneyWorld.com Disney Dollars page
Everything2.com Disney Dollars page
Preview images of Series 2007 Princess and POTC Disney Dollars designs

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Last Revision: 2008-04-27