• Short Summary

    LOS ANGELES, CALIFORNIA, USA

    The power of the dollar has been undermined by the power of the pin at the Los Angeles Olympics.

  • Description

    1. TV Olympic pin trading centre sign PULL BACK TO SHOW crowds 0.07
    2. SV Two collectors discussing pins on their hats 0.18
    3. SVs People trying to trade pins with each other (2 shots) 0.37
    4. SV & CU Pins, including 1984 Olympic pin, Lake Placid and 1980 Russian pins (5 shots) 0.53
    5. CU Man showing old Olympic press pins--1924 Paris,1928 Amsterdam (SOT) 1.10
    6. CU Pin collectors speaking (SOT) (3 shots) two people talking 2.00
    TRANSCRIPTS:
    SEQUENCE FIVE:
    COLLECTOR: "See, this one is Olympiad Paris '24; this one is '28 Olympiad. Amsterdam, this one also '28. I sold some pins to the Beverly Hilton from 1908, 1912 I sold for 250 a piece..."
    REPORTER: "250 a piece?"
    COLLECTOR: "But these are classic pins. But there's a lot of rip-off going around."
    SEQUENCE SIX:
    COLLECTOR: "Now the reason we collect pins is because we all love trading pins: we're strictly traders here. But what's happening is some of the teams are coming in and saying, 'well, I'll tell you what, give me fifty dollars to go into the village after dinner and I'll give you two of our pins.' And they don't realise it's a no-no here, because the American teams are strictly traders."
    REPORTER: "But they're stealing hats and things?"
    COLLECTOR (3) "Not the actual teams themselves, but there are people running through the crowds and grabbing your hat and running off with it while you're watching the games."
    InitialsASG/BB


    Script is copyright Reuters Limited. All rights reserved

    Background: LOS ANGELES, CALIFORNIA, USA

    The power of the dollar has been undermined by the power of the pin at the Los Angeles Olympics. Pin-trading has reached an obsessive level, with unofficial trading centres being established outside Olympic venues and collectors gathering night and day to do business. The pins and badges are produced by competing nations, broadcasters and companies with an interest in the games, and they have been around as far back as the turn of the century. Trading among the more avid collectors is intense. Many people are simply looking for a small souvenir of the games, but for others it is a consuming hobby, and the older the pin, the more valuable it is. Officially, the pins cannot be sold, but unofficially, it is common for large sums of money to change hands when an appropriate trade cannot be arranged. As a result, badges and pins have become a form of currency which can be used to buy food, clothing and that most precious commodity of all, a car-parking space.

    Source: MARTIN CLANCY (REUTERS)

  • Tags

  • Data

    Film ID:
    VLVA6Q73EH0KGBVG396PBEXN1GKYE
    Media URN:
    VLVA6Q73EH0KGBVG396PBEXN1GKYE
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    07/08/1984
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:02:01:00
    Time in/Out:
    /
    Canister:
    N/A

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