NM auctioning unclaimed property, gold coins

July 28, 2013 • State News

ALBUQUERQUE, N.M. (AP) — A live auction is set to sell off unclaimed property in New Mexico.

The auction Saturday in Albuquerque will feature nearly 800 lots, including more than 220 U.S. and [auth] foreign gold coins, nearly 1,900 U.S. silver dollars and a number of pieces of American Indian art.

Taxation and Revenue Department Secretary Demesia Padilla says the state could bring in around “$1 million to millions” from the sales. Live and online auctions are being held.

Padilla said owners of items can still claim the property before the auction. After the items are sold, the owners can claim part of the proceeds provided that they could show proof of ownership.

The money raised through the auction will go to the state’s general fund.

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