Iowa using online auction for unclaimed property

News

November 15th, 2012 by Ric Hanson

CEDAR RAPIDS, Iowa (AP) – Iowa’s unclaimed property, including rocks, people’s ashes and baseball cards, will be offered in an online auction beginning Nov. 26.  Iowa Treasurer Mike Fitzgerald says that 100 lots are being prepared for the eBay auction.  The state has acquired the property from abandoned safe deposit boxes and other sources after a period of time spelled out by Iowa law.

Fitzgerald says the state has returned more than $154 million worth of unclaimed property over the years. He says last year his office took possession of an estimated $27 million in unclaimed property.