Yeah, it looks like a strangely reversed Sigma Phi Epsilon pin.
Maybe it was just made different?
This is a Sig Ep frat pin -
The red 23 pin is likely just for some frat achievement or designation. Maybe we have a Sig Ep on the board that can help without breaking a sacred oath of some kind. 
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- Justin D.
Player collecting - Lance Parrish, Jim Davenport, John Norlander.
Successful B/S/T with - Highstep74, Northviewcats, pencil1974, T2069bk, tjenkins, wilkiebaby11, baez578, Bocabirdman, maddux31, Leon, Just-Collect, bigfish, quinnsryche...and a whole bunch more, I stopped keeping track, lol.
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