So...will Disney honor these?

You're right. They did that with our old paper tickets too. I think our old souvenir ones that we still have were exhausted before MYW was announced.

I've still got the one day 'new' ticket. I'm saving it to use in between annual passes or for a guest with no ticket. Wish I had a lot more of them! The water park passes - I've got 20 passes! Hopefully the kids will use them up! I had them converted as well.
 
I've still got the one day 'new' ticket. I'm saving it to use in between annual passes or for a guest with no ticket. Wish I had a lot more of them! The water park passes - I've got 20 passes! Hopefully the kids will use them up! I had them converted as well.

Yes, us too. I think we have 8-9 water park days each remaining. The hard part is that most of our visits are not in the summer and we like it to be 84+ to go to a water park. Any cooler than that and we're feeling chilly if we stand in the shade which sometimes you have to do while waiting in line for a slide.
 
I am 100% certain those tickets will still be honored...but I do not believe they will be allowed to be used for entrance to the Animal Kingdom or the Studios since those parks did not exist in 1985 and so those tickets did not include admission to those parks when they were purchased. That being said, I doubt that Disney's IT department is set up to read a ticket that is a MK/EP hopper only since there is no such thing. More than likely, they will be converted to one-day park hoppers ticket and they will work at all 4 parks:goodvibes.
 
Standard procedure recently has been to exchange it (one day remaining) for a 1 day nonupgradable hopper good at any of the theme parks. Depending on your vacation plans the resulting value could vary from around $110. (an isolated day at Magic Kingdom) to about $12. (finishing a multi day vacation started using another, multi-day, ticket).

For a long time Disney has not bothered restricting old tickets to the parks that existed at the time the tickets were sold but also Disney has not always offered additional privileges or venues (such as an alternative to Disney Quest) for venues that closed up after tickets were sold.

Almost all pre-2005 tickets were non-expiring, the notable exceptions were "length of stay" room package tickets and a few 4 day tickets good for one day at MK, one day at Epcot, one day at Hollywood Studios and one day good at any one of the preceding, all days consecutive (Animal Kingdom wasn't open yet).

Tickets were always non-transferable. For awhile, some multi-day tickets were advertised: "... good for any 4 (or however many) days out of the rest of your life ..."
 
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We just used one this year that was from 1986. Went to Disney Springs the night before going to the park to save time on the exchange. They also told us that child tickets can be exchanged for adult tickets because of the Peter Pan rule - Disney doesn't charge you for growing up! Since our old one was not attached to a name we did not have to put a name on it so it could be used by anyone. The Welcome Center at Disney Springs asked if we wanted a name attached to the ticket.

See my other post about attaching old tickets to Magic Bands. Don't do it!
 
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