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I find the whole idea of badge selling offensive. For those sellers who know what the badges are, I find it very distasteful that they do not contact the organization to return the badge as opposed to profiting from it. Perhaps it would be helpful if Greek organizations made an offer to purchase or give rewards for lost or stolen badges. Maybe it would reduce the temptation to sell them if a person's conscience and sense of right and wrong is not enough.
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I don't understand it either, but unfortunately, many people (especially those who are not members of GLOs) don't feel the same way. I don't even think it's an issue of their conscience, they simply don't see these badges in the same light as we do. Difference in perception.
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While collectors keep pushing up the cost there is no incentive not to sell on e-bay... which is unfortunate.
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I don't feel it's solely the collectors who are pushing up the cost, it's just the general knowledge that people want these badges and the sellers know (or think, anyway) that these people will pay almost anything to get them. Demand sets the price; demand from collectors but also the demand from members trying to get the badges back to their rightful owners or GLOs.