I like the "formality" of early motorcycling. The whole idea of presentation and recognition with: pins, patches, plaques, and the best award of all - a gleaming trophy of silver & gold !
It gave you a goal, an accomplishment, a place in history on what you've done with your cycle. You were either a racer, a road rider, entertainer, spokesman . . . etc. Clubs are still here in this day and age - Long may they prosper. It recognizes you among your peers . . . fellow riders. It's an important aspect of motorcycling.
"Did you hear . . . he was awarded his 50,000 mile pin ?!"