1.25” inscribed in black on green rim “Xmas Greetings Plaza Theater.” This is one of 3 different text versions we’ve seen. The center has beautiful color image of Mickey carrying toy pack with tiny Mickey doll extending from the top edge and Mickey image on a drum head. From 1931 complete with Phila. Badge backpaper which includes text “Copyright W.E. Disney 1931.” Button displays un-faded deep and rich colors with just the slightest trace of tan age tone on the white bkg. above Mickey’s upper ear and a dot to the right of a candy cane. Button still displays beautifully and with perfect centering and mirror-like glossy surface. Rare.