March 29, 2014 in Region

Oregon to auction safety deposit box items, including Confederacy $20 bill

Associated Press
 

MEDFORD, Ore. – Bitcoin might be all the rage, but if you’re into old school currency the state next week will give you a chance to get a $20 bill from the Confederacy.

It’s among the unclaimed property from abandoned safety deposit boxes that will be up for bid next week in southern Oregon.

The property comes from 300 to 500 boxes considered to be abandoned because the owner failed to make rental payments and couldn’t be found for two years. Banks and other financial institutions send unclaimed contents to the state.

The Mail Tribune and Statesman Journal newspapers report that auction proceeds will be kept by the state in case the box owners come forward.

“That money is available for claim forever,” said Julie Curtis, spokeswoman for the Oregon Department of State Lands, which manages the unclaimed property program.

Interest from the auction proceeds is distributed to Oregon K-12 public schools.

The auction starts at 9 a.m. Friday. It’s in the community of White City, about 10 miles north of Medford. An auction preview will take place the day before, from 11 a.m. to 4 p.m.

Besides money from the Confederacy, some available items include antique tools, silver bars and Michael Jordan basketball cards.

To alert the owners of abandoned boxes that their stuff might get sold, department officials post property owners’ names on an online database.

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