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New York taxi medallions sell for $1m

2012-07-27 81 Dailymotion

An aluminium medallion is the license to operate a yellow taxi in New York City.<br /><br />It can be bought and sold like anything else. But almost nothing else has risen in value so much. Earlier this month; two medallions changed hands for $1m each.<br /><br />Al Jazeera's Scott Heidler reports from New York.

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