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it might not look like much a cheap aluminum medallion riveted to each and every New York City Taxi but the value of this piece of metal has just reached a dizzying million dollars surprising not really taxi medallions have been one of if not the best investment to own in the United States over the last 70 years they've gone up 16 percent per year since 1937 a medallion is a license from the city to operate a yellow taxicab they were first issued in 1937 and can be bought and sold like anything else but almost nothing else has risen in value so much they're up nearly 2,000 percent that beats gold and oil and it's well ahead of the stock market average earlier this month two of them changed hands for 1 million dollars each the first time a medallion has fetched 7 figures Andrew Mears Dean's company invests in medallions founded by his grandfather a former taxi driver who bought his first medallion for ten dollars to him a bad economy is good news for his investments right now it's just...