The normal way is that initially, when the taxi commission is formed the agency sells them, and then after that the medallions are in private hands, and are a r

The normal way is that initially, when the taxi commission is formed the agency sells them, and then after that the medallions are in private hands, and are a resell-able asset of the company that owns them. Here's an article on such a resale in New York a couple of years ago: http://cityroom.blogs.nytimes.com/2011/10/20/2-taxi-medallions-sell-for-1-million-each/?_php=true&_type=blogs&_r=0 http://cityroom.blogs.nytimes.com/2011/10/20/2-taxi-medallio...