November 29, 2011 Last month in New York City, two taxi medallions, the metal plates that make it legal to dive a cab in the city, sold for $1 million each. On today's show, we find out why these little pieces of metal are worth so much.
<iframe src="http://www.npr.org/player/embed/142866785/142869024" width="100%" height="290" frameborder="0" scrolling="no">
October 20, 2011 The price of a New York City taxi medallion has gone through the roof in the past few decades. Here's why.
NPR thanks our sponsors
Become an NPR sponsor