Des Moines, Iowa – State Treasurer Michael L. Fitzgerald announces results of the unclaimed property eBay auction. “This auction was a tremendous success. The most popular item was an 1887 Morgan silver dollar roll (20 coins) premium quality which sold for $1,327.00. We brought in over $5,200.00 that we will hold for the owners of 24 boxes to claim at any time,” Fitzgerald said. “We are already preparing to roll out the next auction, which is slated to start January 6.” Individuals can check for items that will be on the auction block soon at greatiowatreasurehunt.com. If you see someone you know, contact the treasurer’s office immediately.
Successful Unclaimed Property Auction on eBay
Items sold in the eBay auction are from abandoned safe deposit box contents that were reported to the state treasurer as unclaimed property by various financial institutions across the state. Prior to any auction, the treasurer’s office completes an exhaustive effort to locate the owner. Letters are mailed to the last known address; names are published in a newspaper in the county of the last known address; names are posted on greatiowatreasurehunt.com; and names are taken to the Iowa State Fair and other events around the state.
“The eBay auctions have heightened the public’s awareness of our unclaimed property program,” stated Fitzgerald. “Twenty one of the items were purchased by Iowans from around the state, which means these treasures will stay right here. We are required by law to sell the items once our vault gets full and eBay helps ensure that we are doing what is in the best interest of the box owner.”
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, gift certificates, life insurance policies, utility deposits, refunds, rebates, wages, and abandoned safe deposit boxes.
Search our unclaimed property database to see if the state treasurer has property belonging to you. Visit greatiowatreasurehunt.com to begin your search. Like us on Facebook and follow on Twitter @ GreatIATreasure to stay connected for current news and events.