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Thousands of items available at Nevada's unclaimed property auction

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Posted at 12:34 PM, Nov 12, 2019
and last updated 2019-11-12 22:38:14-05

LAS VEGAS (KTNV) — The Nevada State Treasurer's Office announced Tuesday that the state's annual unclaimed property auction is currently available.

Over 4,400 individual property items are up for auction that include fine jewelry, costume jewelry, coins, stamps, and more, according to the treasurer's office.

Unique to the auction this year are five 10 pounds of uncut corundum - the mineral that serves as the base for sapphires and rubies.

All auction items are available for viewing and bidding is open with the auction running through Nov. 18.

The items up for bid come from abandoned safe deposit boxes as the contents are sent to Nevada's Unclaimed Property Division after three years of no contact from the owner.

Once the abandoned safe deposit boxes are delivered to the Treasurer's Office, the contents are held for a minimum of one year, after which they are eligible for auction, according to the treasurer's office.

All proceeds from the sale are credited to the respective property owner's account and remain eligible for claiming indefinitely.

In 2018, the Treasurer's Office returned over $44 million in unclaimed property to Nevadans and others entitled to it throughout the country.

More information about unclaimed property in Nevada is also available here.