Florida Unclaimed Property Action Nets More Than $1 Million for Public Schools

We have spent a few posts here talking about unclaimed property auctions.  And, to be honest, we’ve also spent some time in this space making fun of some of the items that are available for auction.  That being said, unclaimed property auctions do serve a very serious, and very useful, service.  For example, according to the South Florida Sun-Sentinel, Florida’s recent unclaimed property auction raised over $1 million that will be used to fund local schools. In the current economy, and in light of the budget difficulties that many states face, every public dollar is important.

In the event you are a Missouri reader interested in unclaimed property auctions in the Show-Me-State, the Missouri Department of Treasury is holding an unclaimed property auction today in Columbia, MO.  Among the items available for auction is the autograph of the “Wizard of Oz.” (this one, not this one).

$78 Million in Found Money Returned in Japan

We often post articles in this space about the efforts of governments (and sometimes private individuals) to reunite owners with their money.  Often, these efforts are mandated by law, and involve thousands of dollars.  That being the case, we were astounded by the ongoing efforts in Japan arising from that country’s recent natural disasters.

According to an article in the Los Angeles Times, Japanese firemen, police officers, rescuers, and private citizens have found, and returned, an astounding $78 million dollars in currency that was found in the wreckage caused by the earthquake and tsunami. In light of the more than 25,000 people who were lost as a result of this tragedy, most of the money will likely go unclaimed (in which case, according to the article, the money will become the property of the government).  Even so, in a time where we are often confronted by story after story of those who seek to capitalize on tragedy, the article provides a welcome reminder of the honesty and decency of many.