Illinois to Auction $125,000 of Unclaimed Jewelry on Ebay

November 25, 2008 by Administrator 


Are you looking for some great deals on second-hand fine jewelry? Doesn’t matter if you are from San Diego, you can still take part in the Illinois jewelry auction on Ebay. Illinois State Treasurer Alexi Giuannoulias’ office has begun auctioning the contents of abandoned safety deposit boxes on eBay to holiday shoppers.

“We have diamonds, pearls, rubies and gold and silver jewelry and coins,” said Giuannoulias spokesmen Scott Burnham, speaking about the upcoming Silver and Gold auction. All available items come from the Illlinois’ unclaimed property vault. “Money and other assets are considered lost or abandoned when the owner cannot be contacted after a period of 10 years,” Burnham said. According to Giuannoulias, the state holds about two billion dollars worth of unclaimed property from about ten million Illinois residents and businesses.

Auction proceeds are used to make payments into unfunded pension liabilities, which Illinois has approximately $43 billion, one of the highest in the nation, Burnham said. “Especially since the economy is tight and budgets are softening, we’re hoping people will take advantage of these jewelry bargains on eBay,” Burnham said.

You can check out the auction by clicking here: jewelry auction.


Have you been holding on to some platinum jewelry looking for the right time to sell it to a San Diego jewelry buyer or pawn shop? Well, the right time might be here. Check out this article and decide: Increased Demand for Platinum Jewelry?

San Diego Pawn Shops, Gold Buyers, Gold Refineries, & More


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