December 25th, 2009
03:48 PM ET
9 years ago

Free shipping! Rhode Island's eBay play

[cnn-photo-caption image= caption="This South African coin garnered 51 bids on Rhode Island's eBay auction."]New York ( - Need a diamond pinky ring or a gold dog pin with ruby eyes?

They can be yours if you are the winning bidder in Rhode Island's unclaimed property auction on eBay. And you won't even have to pay for the shipping.

Rhode Island is the latest state to harness modern technology to turn forgotten loot into much-needed revenue. It is auctioning 100 items worth a little over $50,000 through mid-January.

As of Christmas eve, it reaped more than $22,000 on 30 pieces. That's about 108% of their estimated value.

The most popular: A 1980 gold South African Krugerrand, which pulled in 51 bids and sold for $1,275. The most expensive: An 18-karat Italian gold bracelet, which went for $1,869 and collected 50 bids.

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