Nebraska is putting unclaimed property left in safe deposit boxes up for auction on eBay. State Treasurer Don Stenberg said Thursday there are 272 lots, including coins, jewelry and collectible sports cards. The auction begins 10 a.m. Monday and will last a week.
Stenberg said state law allows the auction. Banks hold onto the items for five years before turning them over to the state, which then keeps them for another five years before holding an auction.
He said the property is put on the auction block only after various efforts to find the original owners have failed. He added they don't have the storage space to keep the items forever.
Proceeds from the sale are recorded in the original owner's name and are held indefinitely or until it's claimed.