Exchanging old TTC tokens with new TTC tokens

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Those of you living in Toronto will know this but recently the TTC (Toronto Transit Commission) decided to roll out new tokens. What it means is that at the end of the month the old tokens will no longer be accepted. As a result the TTC is allowing customers to exchange their old tokens with new ones. Most surprising of all is that everyday on my way home, I walk by the TTC token exchange booth and the lineup is looong. At least 25 people in line everytime. Amazingly each of them has a large bag of old tokens.

This begs the question, are these people hoarding tokens that they purchased over the years. Why the heck would anyone have literally hundreds of tokens? Did they buy them all 5 years ago anticipating the big TTC fare increases? Strange.

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