Treasurer Smith Announces Michael Jordan Rookie Card Has Sold at Auction

State Treasurer Roby Smith announces the auction of the Michael Jordan rookie card has ended. “It’s certainly not every day we come across an item in our care that creates this much excitement. With a rating of PSA 7, the card sold for $5,400! I hope the winner of the auction will enjoy this treasure for years to come!” said Smith. “While the card has sold, the proceeds from the sale will stay in Great Iowa Treasure Hunt for the rightful owner or heir to claim, as with any auctioned item.”

Each year, the Treasurer’s Office receives two to three hundred safe deposit boxes that have been abandoned and is currently holding almost 3,000 boxes. When the Office runs out of room to store the boxes, it is forced to auction off the contents. Before any auction, the Treasurer’s Office searches for the owner by sending out mailings, publishing names in newspapers and on social media, researching last known addresses and providing opportunities for people to search in person at events.

Lone Star Auctioneers, specializing in selling unclaimed safe deposit box contents from state unclaimed property programs, manages auctions for Great Iowa Treasure Hunt. The auction website link is IowaUnclaimedProperty.org. Bidding is open to anyone registered and approved on Lone Star Auctioneers with a valid U.S. mailing address.

In addition to safe deposit box contents, other examples of unclaimed property include forgotten checking and savings accounts, stocks, uncashed checks, life insurance policies and utility refunds. Businesses and financial institutions are required by law to send these assets to the State Treasurer’s Office after going a certain period of time with no successful contact with the owner, generally three years. Smith safeguards the assets and works to reunite them with the owner or rightful heir through Great Iowa Treasure Hunt.

Start your search today at GreatIowaTreasureHunt.gov. Connect with the Treasurer on Facebook, Instagram and X, formerly known as Twitter, to stay up-to-date on all areas of the office.

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