Grossman Announces Latest Unclaimed Property eBay Auction
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Treasurer
"Reuniting people with their rightfully-owned property is our first priority, but in cases where these individuals cannot be located, we want to ensure that we maximize the revenue that is generated from this auction," said Grossman. "Selling these items through
The traveling showcase, which represents only a portion of the lots up for bid, will include items such as gold, silver, jewelry, collectible currency, and high-end watches. The vast majority of items come from safe deposit boxes with contents that have gone unclaimed for a period of at least nine years. After a lengthy period of going unclaimed, the state is legally permitted to liquidate these items at auction.
The times and locations for the display of these select items are as follows:
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* Friday, May2 from
This is the ninth time that the Commonwealth has used
On
Grossman said that the Treasury needs to regularly liquidate older portions of its tangible property holdings due to storage constraints and logistical needs. He noted that if individuals or their heirs later prove that a piece of sold property belonged to them, they will be fully compensated the sale price of the item.
The Treasury also maintains a comprehensive list of approximately
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