Treasury posts unclaimed property auction results
HARRISBURG — Treasurer Stacy Garrity announced that Pennsylvania Treasury’s spring unclaimed property auction brought in more than $468,000.
All proceeds are carefully logged by Treasury and will remain available for the rightful owners to claim no matter how much time passes.
“Treasury’s first goal is always to return items in our vault to the rightful owners,” Garrity said. “But eventually we do have to auction items to make room for incoming property. I’m incredibly pleased this was another successful auction, and I encourage everyone to check for unclaimed property at least once a year by visiting our website, patreasury.gov/unclaimed-property.”
More than 5,500 items were sold during the online auction last spring. Items not sold at auction, or those not paid for by a winning bidder, are returned to Treasury to be listed in future auctions.
Treasury partners with Pook & Pook Inc. of Downingtown for auctioneer and appraisal services.
“We’re proud to support the Treasury’s mission – not only to reunite unclaimed property with its rightful owners but also to ensure enduring financial benefit when that’s not possible,” said Cindy Hauer, Auctioneer at Pook & Pook Inc.
Some of the high-price items sold in the auction include:
- 14K yellow gold chain, 115.90 dwt sold for $7,400;
- 14K gold Knights Templar presentation medal with engraving, 90.6 dwt sold for $5,800;
- 22K yellow gold bangle bracelets, 44.8 dwt sold for $4,600;
- Switzerland Helvetia fine gold proof set including 1 ozt, ½ ozt, ¼ ozt, and 1/10 ozt sold for $4,300; and
- 18K yellow gold jewelry to include two bangle bracelets, 64.7 dwt sold for $4,060.
Treasury expects to receive $402,772.40 after Pook & Pook’s 14% commission. Auction profits were more than $32,000 over the high estimate.
Treasury’s fall 2024 auction generated more than $605,000, breaking a record for the most ever generated by an unclaimed property auction in Pennsylvania.
Prior to any item being auctioned, Treasury searches for the rightful owner for at least three years. Military decorations and memorabilia received as tangible unclaimed property are never auctioned, and Treasury will continue to search for the veteran who earned them or their family.
More than $5 billion in unclaimed property is available to be claimed. More than one in 10 Pennsylvanians is owed unclaimed property, and the average claim is worth more than $1,000.
To learn more about unclaimed property or to search Treasury’s database, visit patreasury.gov/unclaimed-property.