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Illinois State Treasure's Office Announces Annual Online Auction

The Illinois Treasurer's Office is set to auction a variety of unclaimed property items online from June 17th through June 21st. The auction will feature a range of unique items, including a 14-karat gold charm bracelet, a 1783 Spanish Milled Dollar with a certificate, and a 1997 U.S. quarter-ounce platinum-proof coin.

 

State Treasurer Michael Frerichs speaks on the convenience of the online auction, allowing people to shop from anywhere and find distinctive items for personal collections or gifts. The auction includes jewelry, coins, and currency, such as a 2001 American Buffalo proof and uncirculated silver dollars. There will be a total of 100 lots, each comprising one or more items.

 

The Treasurer's Office holds unclaimed property, including lost bank accounts, insurance proceeds, unpaid rebate cards, and safe deposit box contents. Items are turned over to the office after private entities have made prolonged efforts to locate the owners. Typically, items considered for auction have been unclaimed for ten years. Proceeds from the auction will be held for the rightful owners indefinitely.

 

Due to limited storage space, the Treasurer's Office conducts periodic online auctions throughout the year, along with an annual in-person auction at the Illinois State Fair, scheduled for August 17 this year.

 

Interested bidders can view the items by visiting ibid.illinois.gov and navigating to  Illinois State Treasurer Unclaimed Property Auction under the "Storefronts" tab. Prospective participants must register on the website to bid.

 

Approximately one in four adults in Illinois who search the state's unclaimed property website, I-Cash, find unclaimed money averaging $1,000. Residents can check for unclaimed money at www.illinoistreasurer.gov/ICASH. For additional information, contact the Treasurer's Office at 217.557.8567.


 

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