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Yes. Ricco Rodriguez tried to sell his belt from beating Randy Couture for the HWT championship recently on Ebay.
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Although in the older days they use to keep there belt, now you have to win and defend the belt once to get a belt given to you. To my knowledge they have one belt in curculation that you, the champ, holds while youre the champ, and one you get to keep if you defend it once.
-Joel
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