Illinois Treasurer Michael W. Frerichs has announced that an Illinois State Treasurer’s Unclaimed Property Auction of 12,600 items worth $57,000 will be held online March 28, 2016 from 10:00 A.M. to April 1, 2016 at 10:00 A.M. Among the items to be auctioned are silver bars, rare gold coins, baseball cards, jewelry, and sterling silver.
The Illinois State Treasurer’s Office is the custodian of unclaimed property left in safe deposit boxes, lost bank accounts, insurance policy proceeds, and unpaid rebate cards. Items are auctioned after public and private entities have tried for at least ten years to locate the owners. Auction proceeds are kept in perpetuity by the State of Illinois so they can be given to the owners or heirs.
To preview the auction items, go to ILLINOIS STATE TREASURER’S UNCLAIMED PROPERTY AUCTION MARCH 28-APRIL 1. Click on PREVIEW ITEMS. See the pieces including 1983 one ounce gold Krugerrands, 1897 Liberty Head five dollar gold piece, Morgan silver dollars, Kennedy half dollars, and Indian Head pennies. Look at the freshwater pearl bracelet, the gold pendants and charms, the sterling silver bracelets, the 14K gold rings, and the 14K gold pins and pendants. Appreciate the value of the wrist watches and sterling silverware. Smile at the baseball trading cards.
If you wish to participate in the auction, remember that many of these things are collectors’ items. Others have great value because of their gold and silver content. It is interesting to look at the items even if you do not intend to bid on anything.
By Karen Centowski