Sigma Chi Badge $3,050.01

[CPickering]

wow! that is impressive. i wish i had that kind of money lying around.

[Tom Earp]

Originally Posted by CPickering

wow! that is impressive. i wish i had that kind of money lying around.

Remember, if there was a LXA Badge that was that old, how much do you think it would be bid for?

If you think there would be of us bidding on it You are right!

I do not normaly bid against so other Brother can acheive it, that is the important part is it not? A Brother getting it back into either The House or for another Brother!

WOW, Saw that K S Pin! It was nice! Not that nice?

[lenoxxx]

Gentlemen;

Please let me correct all of you

AGE has no measure on somethings worth, however SUPPLY vs. DEMAND does. The reason these items are being sold for so much is that there is a ton of DEMAND for them and NEXT TO NO SUPPLY.

What does AGE have to do with it? One simple answer- ATTRITION.

Over time, "fixed supplies" (i.e. non replaceable) are affected with items being lost or destroyed or removed from circulation. This is why old baseball cards and comics become so scare- they burn, rot, fall apart etc. if not cared for. AND OVER TIME, the % chance of survival for an item becomes less and less. Since they cant be replaced with new items (in a fixed non-replaceable inventory) they dwindle in SUPPLY.

I have old comics that are worth nothing due to lack of mass interest or massive amounts of existing supply (death of superman 1992 7.2 mil copies in print) I also have new comics that are worth 100's of $ that are from 2003-2005- low print runs on initial issues that caught on in a big way after the initial run.

So yes GZ- in 100 years your certificate may be worth a fortune- if it survives.... and people are interested in LCA in the future. There is a speech about this in Indiana Jones from Belloq the evil archaeologist- here are two quotes from him that sum up your comment on your certificate...eerily similar but true

"About a cheap watch"

Belloq: Look at this. It's worthless - ten dollars from a vendor in the street. But I take it, I bury it in the sand for a thousand years, it becomes priceless. Like the Ark.

and


"Throwing Indy into the pit"

Belloq: What a fitting end to your life's pursuits. You're about to become a permanent addition to this archaeological find. Who knows? In a thousand years, even you may be worth something.
Indiana: Ha ha ha.
[under his breath]
Indiana: Son of a bitch.

So remember SUPPLY AND DEMAND, not AGE, will always determine the true "market value" of items.

(comment directed at TOM's prior comment about age being the sole indicator of worth)

Lenoxxx

[Tom Earp]

Age normally comes in to the picture as in supply and demand.

The older, the less there are available of quality.
The fewer of course will drive up the price.

Ebay is here for collectors of all sorts of things, just look at the catagories. One mans junk is anotehr mans treasure!

I wonder how much my TKN 7 Diamond and 6 Pearl Pin with AA Pearl guard would go for?

[GammaZeta]

Leno, I am not questioning it's worth and I think your post is very informative and agree with you.

I simply think the money paid for the badge could be better spent on helping the fraternity or charity, others don't.

[Tom Earp]

Age normally comes in to the picture as in supply and demand.

The older, the less there are available of quality.
The fewer of course will drive up the price.

Ebay is here for collectors of all sorts of things, just look at the catagories. One mans junk is anotehr mans treasure!

I wonder how much my TKN 7 Diamond and 6 Pearl Pin with AA Pearl guard would go for?