You May Have Already Won! (LATC September 2014)
There is something irresistible in the idea of buried treasure brought to light. We love to hear about the dusty picture in the attic that turns out to be a genuine Rembrandt, the stock certificate in the bottom of the neglected safe deposit box that has been accumulating stock splits and dividends for decades, the costume jewelry purchased at a garage sale that turns out to be genuine diamonds. We all want to star on ”Antiques Roadshow.”
I was excited when I visited my mother’s safety deposit box with her in February, and found buried in the bottom a copy of an elaborately engraved coupon bond issued by the Estero Municipal Improvement District with a face value of $1000, a due date of July 1, 1999, and 4 unredeemed coupons still attached.
With visions of compounding interest dancing in my head like sugarplums, I contacted the City of Foster City, which had issued the bond. After numerous letters and phone calls (the bond redemption had been managed by a bank which had merged with another bank which had sold the business to a third bank which had escheated the bond as unclaimed property to the state of California which had lost the record in their data base) my mother finally got her check for the exact face value of the bond and unredeemed coupons. (No sugarplums!) I figured I earned just below the minimum wage for my effort.
Sadder but wiser, I was skeptical when my brother sent me a link to a website listing unclaimed property by state. “ I read an article in the newspaper about this site, ran Dad’s name and came up with a list of unclaimed money. Check it out!”
Of course, I couldn’t resist. But all the listings were in Texas, and required proof that Dad had invested in the companies listed, plus copies of his and Mom’s social security cards and proof that at one time they legally resided at the address listed on the claim. Since the total was only $38.18 for all 7 claims, I gave it up – no bonanza here for me. (The site is http://www.missingmoney.com )Let me know if you strike it rich!)
Hope springs eternal. When clearing out my late mother-in-law’s house I saved several Japanese woodblock prints that she had framed inexpensively and hung in her bedroom. When I got them home I checked the internet. They might be valuable originals! After all, she and her husband had spent some time in Japan in the early 60’s. But again, they might be calendar art. I missed the San Jose filming of “Antiques Roadshow” so the jury is still out.
It’s almost more fun not knowing for sure.