IL State Treasurer's Online Auction Now Underway

Caption: These are some of the hundreds of items available in the Illinois State Treasurer’s online auction of unclaimed property.

Broaches, jewelry, and stamp collections are just some of the items that Illinois State Treasurer Dan Rutherford is offering in the next Illinois Treasurer’s Online Unclaimed Property Auction. It begins at 10 a.m. on Monday, September 8 and will begin closing at 10 a.m. on Friday, September 12. If you are interested in previewing the items up for auction, visit the treasurer’s office’s website.

“Our vaults are filled to capacity and during this auction we have 5,482 pieces of unclaimed property to sell because the rightful owners have not come forward to claim the items in more than five years,” said Rutherford. “We have a variety of interesting items to sell in this auction. This auction features watches, coins, costume jewelry, collectible spoons and other rare items. There’s something that appeals to everyone.” All items for sale in this auction have been appraised by an outside vendor. The sale price of each lot must reach at least 75 percent of the appraised value.

Buyers are responsible for purchasing their auction winnings with either Visa or MasterCard (other arrangements will be available for purchases over $10,000). Additionally, a 2-percent administrative fee will be assessed. Buyers are required to pay for shipping through the preferred list of shippers.

Preview the 2014 Illinois Treasurer’s Online Unclaimed Property Auction if you’d like to participate. Buyers must register to become an active bidder. For questions about registration, please contact 217-785-6998.