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Treasure Trove To Be Auctioned Dec. 16th and 17th

December 10, 2008 by Administrator 

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San Diego buyers of precious metals get prepared. Jewelry, stacks of gold and silver coins, and assorted medals are among more than 3,000 lots of unclaimed property treasures the state is auctioning off at James G. Murphy Inc., located at 18226 68th Ave. NE in Kenmore, beginning at 9 a.m. on Dec. 18 and 19.

The auction will continue each day until all lots for that day are auctioned off. Interested parties can preview items between 8 a.m. and 4 p.m. on Dec. 16 and 17, or online at www.murphyauction.com. Online bids can be made during the auction.

Pocket watches, bars of silver, and assorted souvenirs are samples of items turned over to the State Department of Revenue after banks and credit unions lost contact with owners who rented safe deposit boxes and held the boxes without rental payment for at least five years. The department has sought out owners of the safe deposit contents, but by law must auction off the property within five years of receipt.

The state now holds $650 million in unclaimed property, belonging to three million people, accumulated since the 1950s. In addition to safe deposit contents, unclaimed property includes uncashed payroll checks, savings and checking accounts, and stocks and bonds. Each year more unclaimed property is turned over to the department. An online searchable database and claims system makes it easy to check for property – a system that has enabled the Department to return more than $112 million to about 240,000 rightful owners over the past three years. The database is available at ClaimYourCash.org.

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For those interested in the fine print regarding the trade of gold and silver jewelry, then we have just what you are looking for. Go to the following article for the details: Essential Guide to Trade in Gold & Silver Jewelry.

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

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