Originally Posted by
rickair7777
That's how it worked for taxi-cab drivers (before uber made them nearly extinct). Medallions (limited in number by the municipality) could be sold on the open market, and in some places went for hundreds of thousands $. The last generation to buy medallions probably lost their butts on that though (uber).
Just in a Chicago cab yesterday, man said $400,000. medallions selling for $4000. Ouch!