State auctioning off items from abandoned safe deposit boxes

, Written by Kassi Nelson, Posted: Thu, April 3 2014 at 6:14 PM, Updated: Mon, April 7 2014 at 3:38 PM

White City, Ore. -- The state of Oregon is auctioning off thousands of items from unclaimed safe deposit boxes.

The auction is taking place at 9 a.m. Friday and Saturday at 885 Industrial Circle in White City.

Securities Coordinator for the Oregon Department of State Land, Anay Hausner, took inventory of the items. She said there were some surprises, including gold teeth.

"It's common folklore that once the person passed this is what would be used to pay for their funeral," Hausner said.

The items are all taken from safety deposit boxes after going unclaimed for two years.

One jewelry re-seller, Marianna Cincotta, is in town all the way from Ft. Lauderdale, Florida.

"We had a good experience with Liska Auctioneers in Salem a couple years ago so we thought we'd come back," Cincotta said.

She said she came back for diamonds and gold.

"Just like everyone else," she said.

Auctioneer Wayne Liska said they have that and much more.

"We have close to 1400 lots," Liska said.

After sitting unclaimed for two years the items were handed over from the banks to the state before being auctioned off.

"People put things in safety deposit boxes because it's got great value to the family so there was some nice things in there," Liska said.

Oregon Department of State Lands will hold the money raised from the auction for claim by heirs. The money is held in the Common School Fund, whose interest earnings are distributed twice a year to Oregon's K-12 public schools.

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About the Author

Kassi Nelson

NBC5 News reporter Kassi Nelson was born and raised in Nebraska. She graduated from the journalism school at University of Nebraska Lincoln where she studied broadcasting.

She also studied philosophy in the Czech Republic. Kassi has visited nine other countries including Sochi, Russia, where she reported on the preparations for the 2014 Olympic Games.

She loves skiing and live concerts!

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