Jewelry, coins in state unclaimed property auction

11:24 AM, Dec 6, 2011   |    comments
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SPRINGFIELD, Ill. (AP) - The state of Illinois is auctioning unclaimed property online through Sunday.

The auction items include coins, antique jewelry and old baseball cards. All auction items have been appraised by an outside vendor and the sale price of each lot must reach at least 75 percent of the appraised value.

Sales proceeds will be held for the rightful owners.

State Treasurer Dan Rutherford says holding the auction online is more cost effective than having a live, in-person auction.

Bidders must register to take part. The link to the auction is on the state treasurer's website. A 2 percent administrative fee will be charged on all auction sales. Buyers are required to pay for shipping through a preferred list of shippers.



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Associated Press

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