Smart Shopper
The Herald of Everett, Washington
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up  Green editions icon Green editions

Calendar


HeraldNet Headlines
HeraldNet Newsletter Delivered to your inbox each week.


Published: Wednesday, March 26, 2014, 8:22 p.m.

Oregon auctioning unclaimed property

MEDFORD, Ore. — Bitcoin might be all the rage, but if you’re into old-school currency the state next week will give you a chance to get a $20 bill from the Confederacy.
It’s among the unclaimed property from abandoned safety deposit boxes that will be up for bid next week in southern Oregon.
The property comes from 300 to 500 boxes considered to be abandoned because the owner failed to make rental payments and couldn’t be found for two years. Banks and other financial institutions send unclaimed contents to the state.
The Mail Tribune and Statesman Journal newspapers report that auction proceeds will be kept by the state in case the box owners come forward.
“That money is available for claim forever,” said Julie Curtis, spokeswoman for Oregon Department of State Lands, which manages the unclaimed property program.
Interest from the auction proceeds is distributed to Oregon K-12 public schools.
The auction starts at 9 a.m. April 4. It’s in the community of White City, about 10 miles north of Medford. An auction preview will take place the day before, from 11 a.m. to 4 p.m.
Besides money from the Confederacy, some available items include antique tools, silver bars and Michael Jordan basketball cards.
To alert the owners of abandoned boxes that their stuff might get sold, department officials post property owners’ names on an online database.
Past unclaimed contents have included valuable property such as antique jewelry and rare coin collections. Curtis said personal belongings such as photographs are sometimes left behind. One box contained a small amount of cat hair.
“It’s surprising what people think is valuable or is valuable to them,” Curtis said. “Sometimes there are unusual things.”

Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus
digital subscription promo

Subscribe now

Unlimited digital access starting at 99 cents, or included with any print subscription.

loading...
HeraldNet Classifieds