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Illinois Treasurer Offers Online Auction
A silver bar worth thousands of dollars. A penny worth hundreds of dollars. A book signed by Mickey Mantel. That's just some of the items going up for bid in the next Online Unclaimed Property Auction through the Illinois Treasurer's Office.
Nearly 19,000 pieces of unclaimed property will be available. Officials have tried to reunite these items with their owners or heirs for at least 10 years, but with no luck. If an item is sold, but a family member eventually comes forward proving that was their item, they will receive cash for it. In the meantime, what does the treasurer's office do with the money it takes in from the auction?
"We do invest it, as we do with the whole portfolio of the Treasury, in various instruments," State Treasurer Dan Rutherford said. "Yes, for simple terms, it has interest or other returns. That money goes to the general revenue fund which is used for general appropriation spending by the General Assembly."
If you're interested in bidding in the next Online Unclaimed Property Auction, it runs from November 26-30. Visit the treasurer's website for more information.