Class Rings?

[Sparklette]

give him some reward choices

class ring
new mobile phone
inexpensive laptop
4 tickets to a concert / sporting event of his choice (so he can invite his friends)
one week of private muay thai / judo / boxing / Brazilian jiu-jitsu lessons
one week of private pop locking / dubstep dance lessons
a guitar
a bass guitar
a set of electric drums

You're right, ALL of those are better than a class ring!

I will say that both of my kids want Letterman's jackets though, and we will buy them even though they are WAY overpriced.  My daughter has worked really hard for that letter and all those pins, and my son will as well.  ONLY RULE: NO ONE wears their jacket except them.  I will not have some girl con my kid into letter her "borrow" his jacket.  All that crap isn't replaceable, and I'm not buying some chick I don't even know a $300 jacket!  You only get to wear that jacket if you came out of my womb!

A lot of schools prohibit anyone from wearing a letterman jacket to school or school activities unless they are the person that earned the letter.