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  • Auction nets nearly $200,000
    From Arabic coins to a Nineteenth Century book, the contents of abandoned safe deposit boxes brought hundreds of bidders and thousands of dollars to White City, Oregon on April 4 and 5.
    “We had an extremely smooth-running, successful auction this year,” said Pat Tate, unclaimed property manager. “One ring fetched $8,000 and several silver bars yielded $1800 apiece. We had lots of people – dealers and folks just having fun – vying for the most interesting pieces in the nearly 1400 lots we put up for bid.”
    Every year, the Department of State Lands receives hundreds of boxes, envelopes and packages containing the contents of abandoned safe deposit boxes. Financial institutions must turn over the contents to the state when owners have not kept up rental payments and when they are not able to be located.
    The state auctions the items and holds the proceeds in the owner’s name. The funds are held in the Common School Fund whose earnings are sent twice a year to Oregon’s 197 public school districts.
    After auction expenses were paid, the proceeds totaled $196,000 for the school fund, Tate said. The auction was conducted by Grants Pass-based Liska Auctioneers.
  • Volcanoes Host Unclaimed Property Staff
    up_volcanoes_game.jpgNearly $8,000 in lost funds was recovered for 15 people at the July 8 Volcanoes baseball game in Keizer. Several more took claims forms for relatives, which could bump the dollar amount to over $10,000.
    “We talked with folks who visited our booth, which was not only fun, but proved valuable to those who had funds waiting to be claimed,” said Tammy Palmer, unclaimed property claims examiner. “This was our second year there, and we really enjoy the Volcanoes fans.”
    Do you have an upcoming event that would be a good outreach opportunity for the unclaimed property staff? If so, please contact Pat Tate, program manager.
    The Department of State Lands receives nearly $50 million a year in unclaimed funds from businesses and organizations holding money for people who can’t be located. Typical examples include uncashed checks and abandoned bank accounts. Check now for your name!
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