Diamonds, Gold and More—Unclaimed and For Sale Online

Diamonds, Gold and More—Unclaimed and For Sale Online

(INDIANAPOLIS, IN)— From the valuable to the unusual–since 2006, Indiana’s auction of unclaimed assets has collected nearly $135,000, announced Indiana Attorney General Steve Carter. The auctioned items, found in safe-deposit boxes turned over to the state as unclaimed property, include a 2 carat diamond ring that sold for $3,250, and a casket key that fetched 99 cents.

“While countless people have checked IndianaUnclaimed.com for lost or forgotten assets, many don’t know about our online auction,” Carter said. “The money collected through the auction is added to Indiana’s unclaimed property database and held for its owner. It’s one more way that the state is working to reunite Hoosiers with unclaimed assets, and I encourage people to browse, bid, and check back often. You never know what you’ll find.”

More than 1,200 items have been auctioned-off to buyers nationwide since online bidding began in 2006. New items are added regularly.

Financial institutions and other holders are required annually to turn over the assets of accounts in which there has been no activity for 5 or 7 years, depending on the type of account. Unclaimed property includes investment earnings, insurance proceeds and benefits, wages, and money from savings and checking accounts. Less than 1 percent of unclaimed assets are tangible, physical items, such as those found in safe-deposit boxes. It is important to note that unclaimed property does NOT include abandoned vehicles, real estate or other such items.

In 2004, attorney general Carter pledged to return $100 million in unclaimed assets by the end of his current four-year term. His office has exceeded that goal, returning $118 million in just three years.

Last year, the attorney general’s office returned $13.5 million to people in Central Indiana. But assets equaling more than $102 million remain unclaimed for the region, including more than $23 million in new property added within the past year.

In total, the state’s unclaimed property database holds $326 million, spanning 25 years.

The total value and number of properties added to the Unclaimed Property database from Central Indiana is:

County Property Totals 2007 Total $ Value added in 2007
Bartholomew 2,845 $608,254
Blackford 430 $103,776
Boone 2,007 $460,626
Brown 572 $47,524
Carroll 456 $116,872
Cass 1,389 $232,247
Clinton 1,302 $178,795
Decatur 856 $150,599
Delaware 4,584 $837,314
Fayette 835 $184,994
Fountain 704 $144,523
Grant 2,698 $501,524
Hamilton 10,153 $1,617,632
Hancock 2,595 $679,620
Hendricks 4,518 $706,030
Henry 1,873 $246,137
Howard 4,006 $620,629
Johnson 5,899 $729,749
Lawrence 2,163 $277,273
Madison 6,872 $953,055
Marion 55,500 $10,627,596
Miami 1,195 $446,169
Monroe 5,927 $1,106,596
Montgomery 1,463 $741,655
Morgan 2,697 $556,255
Owen 637 $148,372
Putnam 1,230 $157,713
Randolph 900 $161,167
Rush 588 $77,054
Shelby 1,475 $153,896
Tipton 576 $66,284
White 969 $188,876
Grand Total 129,914 $23,828,807

The attorney general is publishing the listings of assets turned over to the state in the last year only from Central Indiana. In addition, Hoosiers will be exposed to a public awareness campaign for IndianaUnclaimed.com, which coincides with the published listings.

The following are the newspapers in Central Indiana that are publishing the listings:

County Newspaper Dates of Publication
Bartholomew The Republic June 11 & June 22
Blackford Hartford City News-Times June 11 & June 21
Boone Lebanon Reporter June 11 & June 21
Brown Brown County Democrat June 11 & June 18
Carroll Carroll County Comet June 11 & June 18
Cass Logansport Pharos-Tribune June 11 & June 22
Clinton Frankfort The Times June 11 & June 21
Decatur Greensburg Daily News June 11 & June 18
Delaware Muncie Star June 11 & June 22
Fayette News Examiner June 11& June 18
Fountain Fountain County Neighbor June 11 & June 18
Grant Chronicle-Tribune June 11 & June 22
Hamilton Noblesville Ledger June 12 & June 19
Hancock Daily Reporter June 11 & June 23
Hendricks Hendricks County Flyer June 10 & June 24
Henry New Castle Courier Times June 11 & June 21
Howard Kokomo Tribune June 11 & June 22
Johnson Franklin Daily Journal June 11 & June 23
Lawrence Times-Mail June 11 & June 22
Madison Herald-Bulletin June 11 & June 22
Marion Indianapolis Star June 11 & June 22
Miami Daily Tribune June 11 & June 21
Monroe Herald Times June 11 & June 22
Montgomery Crawfordsville Journal Review June 11& June 18
Morgan Daily Reporter June 11 & June 21
Owen Spencer Evening World June 11 & June 20
Putnam Greencastle Banner June 11 & June 21
Randolph Winchester News-Gazette June 11 & June 20
Rush Rushville Republican June 11 & June 21
Shelby Shelbyville News June 11 & June 21
Tipton Tipton County Tribune June 11 & June 21
White Monticello Herald Journal June 11 & June 21

The public awareness campaign includes billboard, newspaper, television and radio ads. It focuses on the excitement associated with finding money and assets, even if they were already yours. It also reminds people that the database is dynamic, with new assets being added regularly.

The Unclaimed Property database can be searched 24-hours a day, 7 days a week at www.IndianaUnclaimed.com. The Unclaimed Property Division’s toll-free number is 1-866-IN-CLAIM (462-5246).

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