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Treasurer to auction unclaimed gold property online

By Staff reports
CHARLESTON, W.Va. -- State Treasurer John Perdue wants West Virginians to bid on jewelry, coins and other gold items featured on his office's online auction.Perdue launched the site,, in June 2011, to auction off watches, pocketknives and collectibles found in expired safe deposit boxes across the state. The Treasurer's office had previously held periodical physical auctions.Perdue's office has held 36 auctions since June 2011 and has sold every lot offered.Items up for grabs at the present auction include a coin set from the 1984 Los Angeles Olympics with a current bid of $385, an 18-karat women's ring with a current bid of $400, and a 14-karat gold ring lists a current bid of $300. Numerous commemorative pocketknives are up for bid, including a set of Operation Desert Storm knives with a present bid of $25.
The current auction ends April 4."This is a win-win for both the collector and the property owner, or the property owner's heirs," Perdue said in a news release. "Collectors may find good deals, while the box owner's family receives an unexpected windfall."While Perdue encourages West Virginians to shop on the site, the auction is open to anyone, he said in the news release. The state contracted with Lone Star Auctioneers, an online auction company, to manage the auctions.For more information visit or call 304-558-5000. 
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