Consult an old edition of Baird's Manual of College Fraternities. I recall reading about fraternities that don't exist anymore, it is quite possible Beta Phi Sigma is one of them. From the description of the pin, it follows the symbols of older fraternities, skull and bones for secrecy. Most of them were underground societies, but that's just my opinion. I believe you will find the answer there. Also, if you know the college your relative attended, there may be historical records there on the organization.
AXPAlum
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