- Associated Press - Tuesday, May 26, 2015

CHARLESTON, W.Va. (AP) - West Virginia’s latest unclaimed property auction features a rare penny that Treasurer John Perdue expects will draw attention from coin collectors.

The 1909-S VDB penny is among a variety of items that will be offered for sale during an online auction next month, the Charleston Gazette reports (https://bit.ly/1FdktDD ). The penny is ranked 14th in the second edition of “100 Greatest U.S. Coins.” Its appraised value is $500.

“You just never know what we’re going to take in through unclaimed property,” Perdue said.

Karen Plunk with Lone Star Auctioneers says in a release from Perdue’s office that the coin is the most famous Lincoln penny that can still be found.

The penny is notable because it includes the initials of the designer Victor David Brenner engraved on the bottom of the reverse side of the coin. The initials were removed from later editions of the penny.

Lone Star will conduct the auction for Perdue’s office from June 3 to June 18.

Perdue says all items to be sold come either from safe deposit boxes or law enforcement seizures.

Banks are required to turn over the property inside safe deposit boxes after five years of no activity, Treasurer’s Office spokesman Greg Stone said.

Stone said the Treasurer’s Office tries to find the properties’ heirs but sometimes cannot find the owners.

“We really encourage West Virginia residents to log on to our auction website and look around,” Stone said. “We would like to have more in-state interest.”

If a property owner or an owner’s heir later finds out about the auction, the Treasurer’s Office gives the owner the proceeds from the sale, Stone said.

Other items in the auction include iPhones, jewelry and a satellite radio.

To make bids, people should visit: www.WestVirginiaUnclaimedProperty.org.


Information from: The Charleston Gazette, https://www.wvgazette.com

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