Indiana Unclaimed Items Up For Auction

Gold Coins Among Highest-Value Items

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Posted: 02/07/2012
Last Updated: 467 days ago

Indiana is holding millions of dollars in unclaimed money and items, and some of it will be sold at auction online.

Coins, cards and other items turned over to the state because they hadn't been claimed are being sold through Goodwill Industries.

"After three years of inactivity, the banks that hold safety deposit boxes will open up the boxes and submit it to the Unclaimed Property Divison," said Attorney General Greg Zoeller. "The state … is looking to have as much property returned to owners, but where there aren't property owners, these are funds that will help the state."

Proceeds from the sale are placed in bank accounts, and the owner has 25 years to recover it.

Among the items available currently, a President Ronald Reagan gold piece, priced as of late Tuesday morning at $1,452, and a 1986 American Eagle gold coin priced at $1,603.

Goodwill said its involvement allows it to get more public exposure.

"The more visitors you have, the higher the chances are that people are going to bid those items up, and that generates revenue not only for the state but certainly to support the Goodwill mission," said Cindy Graham, of Goodwill.

The items listed will be refreshed, with open bidding for 10 days.

The Unclaimed Property Division said it is currently holding $350 million in assets.

More: Indiana Unclaimed Property

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