Kick Off the New Year with the Unclaimed Property Auction

by Free Speech on January 4, 2010

Lodi, WI~

Lodi Valley News serving Lodi, WI & the Lake Wisconsin area with local information since Earth Day 2008.

Lodi, WI

Items up for grab from the Office of the State Treasurer include diamond rings, collectible stamps and an 1800 Draped Bust Penny

On Monday January 4th, at 12:00pm (CST), Wisconsin State Treasurer Dawn Marie Sass will start another year of monthly unclaimed property auctions on eBay.

“There are 22 lots in this auction with a variety of items,” said Treasurer Sass. “We are trying to make space in the vault for the next batch of contents from unclaimed safety deposit boxes, so we will hold these auctions once a month.”

This month’s eBay auction includes: diamond rings, gold pendants and bracelets and one lot with collectible stamps from around the world dating back to the 1940’s. Some of the coins for auction include an 1800 Draped Bust Penny, 1818, 1831 and 1853 Matron Head Pennies, and commemorative coins from around the world.

To see a list of the items, please visit . Click on the “eBay” logo at the bottom of the home page.

Each year, the Wisconsin State Treasurer’s Office receives the contents of safe deposit boxes from banks and other financial institutions that have been abandoned for at least five years.  The names of the contents’ owners are published in local newspapers and entered into Wisconsin ’s Unclaimed Property online database. The contents are then stored in the state’s vault for two to three years.

If the owners or their heirs do not come forward to claim the contents, the Treasurer’s Office holds an auction.  The proceeds from the sale are held for the rightful owners or heirs indefinitely.

The auction starts Monday, January 4th, at 12:00pm (CST) on eBay and ends the following Monday, January 11th.

To find out if you or a relative might have unclaimed property from a safe deposit box, search Wisconsin ’s Unclaimed Property database by visiting the State Treasurer’s website.

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