Tuesday, September 30, 2008

State of RI to hold an unclaimed property auction Saturday

You may be familiar with the list of names that comes out periodically through state treasurers for unclaimed funds. Here’s something different. For the first time in nine years, the state of Rhode Island is holding a public auction of unclaimed property.

Unclaimed property consists of money and other assets that are considered lost or abandoned after an owner cannot be located for a specific period of time. This auction includes gold and silver coins, old paper money, and gold and sterling silver rings, bracelets, necklaces and pins. There will be sports cards and stamp collections. But the highlight of the event is expected to be a three-handle sterling silver Tiffany Trophy Cup from 1898.

These items will be displayed in the conference room on the 2nd floor of the Administration building, located at One Capitol Hill, Smith Street in Providence. Public viewing of the auction items is scheduled for Thursday and Friday evenings from 5:00 p.m. to 9:00 p.m. and Saturday, October 4th from 8:00 a.m. to 10:00 a.m.

The auction will take place on Saturday, October 4th at 10 a.m. and it’s all over when everything has been sold.


Treasurer Caprio Announces State's First Unclaimed Property Auction in 9 Years

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