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2-day unclaimed property auction begins

Today and tomorrow there will be a online auction of unclaimed property, Pennsylvania Treasurer Stacy Garrity announced.

Property includes fine jewelry, coins, currency, and many other items that have been safeguarded in Treasury’s vault.

“We have the largest working vault in the nation, but we’re constantly receiving new unclaimed property,” Garrity said. “Sometimes, we have to auction off items to make space for that incoming property. We’ve worked for at least three years to find the rightful owner of every item being auctioned. I hope that learning about this auction will inspire more Pennsylvanians to see if they have any unclaimed property waiting by searching at patreasury.gov/unclaimed-property.”

Treasury partners with Pook & Pook, Inc., in Downingtown for appraisal and auctioneer services. Items up for auction can be previewed at pookandpook.com. Interested bidders can also register on Pook & Pook’s website.

The auction will feature 4,250 items including:

• A 14K two-tone gold stick pin brooch with 2-carat diamond;

• Multiple Engelhard 100 Troy ounce 999+ fine silver bars;

• $20 Liberty Head Double Eagle gold coins;

• One-ounce fine gold Canadian $50 Maple Leaf coins;

• Morgan dollars;

• An 18K yellow gold George Melleze pocket watch with a silver-colored key attached;

• Various comic books and magazines.

“There are some remarkable items available to bid on in this auction,” Garrity said. “Any proceeds will be carefully tracked - and will always be available for the rightful owner to claim any time, even years or decades from now.”

The online auctions will also include items from other consignors. Treasury items may be combined into lots but will never be co-mingled with non-Treasury items.

Property is safeguarded in the vault for at least three years before being auctioned. Treasury updates its unclaimed property records to reflect the proceeds from an item’s sale, so if a rightful owner comes forward the proceeds are available to claim.

About one in 10 Pennsylvanians is owed some of the more than $4 billion in unclaimed property. The average value of a claim is $1,600.

To search for unclaimed property, visit patreasury.gov/unclaimed-property.