There's an old saying that "nothing in life is free." However, a program offered by the PA Treasury Department is proving that quote to be false.
Pennsylvania is currently sitting on over $1.5 billion worth of unclaimed cash and property. They're lost goods, that could belong to you.
Our story, brought us to the Finance Building in Harrisburg, where we spoke with State Treasurer Rob McCord.
"In it's simplest form, it's just stuff citizens have left behind," said McCord. "More complexly, this is property that results from one of the earliest consumer protection laws ever written."
According to McCord, banks and insurance companies find themselves in possession of someone else's property. It's up to his office to help return it.
"If it's scarce property, a collectible, we try to return it in it's original form. A collectible baseball card, or a crown, or some of those kinds of things," said McCord. "But for the most part, what we do, is we turn it into cash, and return the cash directly to citizens."
All of the property is kept inside of a vault in the basement of the Finance Building.
"In our vault total, we have an estimated $7-$9 million worth of items in here," said Vault Manager Lindsay Caldonetti. "And that's just a rough estimate."
According to Caldonetti, a majority of the unclaimed property is intangible.
"That's where you get you're checking and saving accounts, you're stocks, as well as dividends and anything else you can imagine," said Caldonetti. "That, we receive upwards of $200 million a year."
In comparison, many of the items in the vault---like old instruments and war medals--- total much less.
"We return about 50 percent of the tangible items," said Caldonetti. "Then the rest of it, if it is not returned to it's rightful owner, or the rightful heirs, it's auctioned off."
The proceeds are then put into an account, where it waits to be claimed.
"If we have a name associated with the item we sell, the proceeds of what we sell for it, is going back into the fund," said Caldonetti. "They can then claim the proceeds, as opposed to the item."
But in the end, it's up to the owner to claim what is rightfully theirs.
To find out if you have any unclaimed property, visit: