For those looking to claim a slice of history, the Illinois Treasurer Michael Frerichs has kicked off an online auction featuring rare finds like an 1881 U.S. $10 gold coin and a Joe DiMaggio bat piece nestled within a baseball card. Running from March 28 to April 6, this event is part of the state's I-CASH program, aiming to reconnect lost assets with their rightful owners, according to an Illinois government press release.
In addition to the standout coin and baseball memorabilia, the auction features 100 lots, which include a range of valuables such as an 18-karat yellow gold chain link bracelet, vintage pocket watches, and 25 1 oz. 999 fine silver rounds. With registration required through HiBid, potential bidders are instructed to create an account on the platform to participate in the bidding process, as per the State of Illinois. Described as overflowing with items surrendered after years of unsuccessful attempts to locate owners, the Treasurer's Office conducts these auctions for the practical reason of limited physical storage space.
As the custodian of unclaimed property, including dormant bank accounts and safe deposit boxes, the Treasurer's Office ensures that proceeds from sold items are held indefinitely for legitimate claimants. This auction highlights the broader mission of the Treasurer’s Office, which manages around $60 billion in state funds, supporting local economy initiatives like college aid and below-market loans. One in four adults in Illinois may have unclaimed assets through I-CASH, and individuals can search the program's website to see if they are owed anything. In addition to digital auctions, the Treasurer’s Office holds an annual in-person auction at the Illinois State Fair, this year on August 16, the State of Illinois noted.
