Online Auction for
unclaimed property
Online Auction November 30th
thru December 4th, Sale preview underway
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[November 30, 2015] SPRINGFIELD
– Commemorative coins, gold pieces and jewelry are among
the 8,000 items worth $70,000 to be auctioned November
30th thru December 4th.
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“Our unclaimed property team works hard to return valuables
to their rightful owners,” Frerichs said. “If the property goes
unclaimed for 10 years, the items are auctioned to make room for
incoming unclaimed items.”
Items include an Engelhard 10oz gold bar; a 1923D Saint Gaudens
Double Eagle gold piece; a 1967 Mickey Mantle Topps baseball
card; and a 1966 Sandy Koufax Tops baseball card. Auction items
have been appraised by an outside vendor. Auction participants
can register at illinoistreasurer.gov and click on the Unclaimed
Property Auction link. For questions, call 217.557.8567.
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The Illinois Treasurer’s office is the custodian of unclaimed
property including lost bank accounts, insurance policy
proceeds, and forgotten safe deposit boxes. Items are auctioned
after private and public entities tried for at least 10 years to
locate the owners. The office secures more than $2 billion in
unclaimed property. Individuals can search by name at
illinoistreasurer.gov. Because thousands of items are
surrendered each year, residents should check every six months.
Treasurer Frerichs’ office never charges money to search or
return unclaimed property. Auction proceeds will be held for
rightful owners until they are identified.
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About the Illinois Treasurer
The Illinois Treasurer is the state’s Chief Investment Officer and Frerichs is a
Certified Public Finance Officer. He protects consumers by encouraging savings
plans for college or trade school, increasing financial education among all
ages, and removing barriers to a secure retirement. As the state’s Chief
Investment Officer, he actively manages approximately $25 billion. The portfolio
includes about $13 billion in state funds, $7 billion in college savings plans
and $5 billion on behalf of local and state governments. The investment approach
is cautious to ensure the preservation of principal and returns $28 to the state
for every $1 spent in operations. The Treasurer’s Office predates Illinois
incorporation in 1818. Voters in 1848 chose to make it an elected office.
[Office of the Illinois State
Treasure Michael Frerichs]
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