I wear mine whenever I put on a tie. I even wore my pin when on formal night on my last cruise.
Because we have formal dinner once a week, I'd say everyone in my chapter wears their badge at least once every two weeks.
I always thought it odd that members weren't required to buy their pins. In Beta part of our Pledging/initiation fees went towards teh purchase of a standard badge. As for losing them, our standard badge is only $10 to replace (b/c it's gold plated with a cubic zirc.)
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