I don't know what HQ does when they see these, but I figure they end up in the hands of brothers, or their families. I don't know why anyone else would want these badges, except to perp., but I definitely don't understand why they would pay such a high price to do so. The LCA badges I see for sale are gold and jeweled, and usually go for over $50, usually more around $80! I assume that it's either a brother, the chapter the previous owner belonged to, his family, or a jeweler who buys them. If it's a jeweler who buys them, I assume they eventually make it to a brother. That's my take on it anyway! I could be wrong, almost happened once before
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Steve Corbin
Lambda Chi Alpha
Theta Kappa Chapter
Rose-Hulman Inst. of Tech.