Safety Deposit Box Contents To Go On Auction Block

By Jim McCoy Wed 26th March Newsauctionsafety deposit boxes
Unclaimed property from abandoned safety deposit boxes across the state will be up for bid next week in southern Oregon. The property comes from hundreds of abandoned safety deposit boxes. A safety deposit box is considered abandoned if the owner fails to make rental payments or can't be found for two years. Then banks and other financial institutions turn over unclaimed contents to the state. Among the items to be auctioned off in White City include silver bars, antique tools and a $20 bill from the Confederacy. The Mail Tribune and Statesman Journal newspapers report that auction proceeds will be kept by the state in case the box owners ever come forward. Interest from the proceeds will be distributed to schools. The auction starts at 9 a.m. on Friday, April 4.

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