Unclaimed safe deposit box contents will now be moved to sell on eBay.
On Thursday, Kansas State Treasurer Dennis McKinney said that items like gold bars, coins and watches will soon be available on eBay for sale through a firm called, iSoldIt.
Under state law, the treasurer’s office is required to sell any unclaimed safe deposit box contents with a commercial value within three years of its arrival in the office.
“Our office has successfully returned over $140 million dollars in unclaimed property since the service began. We take this responsibility very seriously to find the correct owners of these safe deposit boxes,” said McKinney. “Every attempt is made by both the bank and our unclaimed property staff to find the owners as soon as these boxes arrive in our office.”
When an item is placed for sale on eBay the proceeds of that sale are kept by the Treasurer’s office and will be turned over to the rightful owner when they are found in the future.
“We seek to reunite Kansans with their property, but in the event that we are required to sell safe deposit contents, the eBay service allows us to get the best possible value for that property for the owner,” McKinney said.
McKinney said that his staff continue to look for the owners of over $200 million dollars in unclaimed property and the contents of 9,933 safe deposit boxes. He said the treasurer’s office has a policy not to sell military insignia, medals, ribbons family records or items containing personal information.
On the Web:
Kansas State Treasurer: http://www.kansascash.com
Unclaimed Property Program: http://www.kansasstatetreasurer.com/prodweb/up/ownr_1.php
Matthew Clark can be reached at matthew.clark@morningsun.net or at 620-231-2600, Ext. 140
