Unclaimed property will be auctioned online this week | Community

Harrisburg, PA – Treasurer Stacy Garrity announced today that the next auction of unclaimed items from the treasury vault, including a $50 gold certificate from 1882, will take place online Wednesday and Thursday.

Nearly 4,000 items from the Treasury Vault will be available in the two-day auction, some combined into numerous Treasury items only.

“Our goal is always to return unclaimed property to the rightful owners,” Garrity said. “But even though we have the largest working safe in the United States, we have to hold auctions periodically to make room for incoming items. Every unclaimed property we receive is held for a minimum of three years while we endeavor to contact the rightful owner. And all auction proceeds will remain available for the owner to claim, whether it happens next month or 50 years from now.

Treasury partners with Pook & Pook, Inc., of Downingtown for appraisal and auctioneer services. Items from this week’s auctions are included in Wednesday’s coins and jewelry auction and Thursday decorative art auction. Auction items can be previewed on pookandpook.com.

In addition to the 1882 Gold Certificate, items of interest include:

  • A Rolex Oyster watch with an 18k gold case and stainless steel bracelet
  • An 18k gold link bracelet
  • A ram’s head bangle bracelet in 18 carat gold
  • One ounce gold bar
  • South African Krugerrand

The Treasury receives unclaimed property in accordance with Pennsylvania’s unclaimed property law, which requires that abandoned or forgotten property be returned to the Treasury after three years of inactivity.

Most of the tangible property held in the Treasury vault comes from abandoned vaults, with some also coming from sources such as college dorms, nursing homes, and police evidence rooms. Other unclaimed property may include forgotten bank accounts, uncashed checks, stocks and insurance policies.

The Treasury currently protects over $4 billion in unclaimed property. It’s estimated that one in 10 Pennsylvanians has money pending, and the average value of a claim is $1,500.

Pook & Pook works closely with the Treasury to track and document sales of unclaimed property items to ensure proceeds are available when a claimant comes forward in the future.

Upcoming auctions also include items from other consignees and sellers, and Treasury items are not separately identified in auction catalogs. Treasury employees and immediate family members are not permitted to bid.

For more information on the Treasury’s Unclaimed Property Program or to see if you have property waiting to be claimed, visit patreasury.gov/unclaimed-property.

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