State Treasurer of Iowa

Treasurer Fitzgerald Auctioning Off One-of-A-Kind Gifts in Cyber Monday Auction

November 20, 2014

Des Moines, IA – State Treasurer Michael L. Fitzgerald’s upcoming eBay auction just might have that unique gift for someone special on your holiday list. “If you are still looking for a unique gift after you have done your Black Friday shopping, check out our eBay auction starting on Cyber Monday,” Fitzgerald encouraged. “Many items are one-of-a-kind or collectibles that were turned over in unclaimed safe deposit boxes.” Visit our Facebook page to get a sneak peek of the upcoming auction items. 
 
The auction will begin on Cyber Monday, Dec 1, and will close on Dec 8. Some of the treasures in this online auction include a 1900 $5 Gold Liberty coin XF; 14 karat two-tone antique ladies’ ring with eight single cut diamonds and one euro cut diamond; and a men’s Hamilton pocket watch. All items included in the auction were reported to the state treasurer as unclaimed property by financial institutions across the state. The auction proceeds are held for the rightful owners until they come forward. Photos, letters and other personal memorabilia will not be included in the auction.  
 
Unclaimed property refers to money and other assets held by financial institutions, businesses and other organizations that have lost contact with the owner for a specific period of time. Common forms of unclaimed property include checking and saving accounts, court deposits, stocks, dividends, life insurance policies, utility deposits, refunds, rebates, wages, and abandoned safe deposit boxes.
 
On the day of the auction, interested bidders may visit the state treasurer’s eBay auction at http://myworld.ebay.com/ia.unclaimed.property.
 
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