Purplish Why lawmakers have been eyeing Colorado's $2B in ‘unclaimed property’
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Aug 1, 2025 In Colorado, a secret vault brims with unclaimed treasures like baseball cards and a large diamond ring. The state holds around $2 billion in abandoned assets, but navigating the reclamation process is tricky. Lawmakers are debating whether to tap into these funds for budgetary needs, raising concerns about citizens' rights. Amid skepticism about the recovery process, personal stories highlight both successes and bureaucratic hurdles. The podcast dives deep into the complexities and implications of unclaimed property in a cash-strapped state.
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Inside Colorado's Treasure Vault
- Colorado's unclaimed property vault holds unique items like a 6.4-carat yellow diamond, gold bars, and old baseball cards.
- The vault even contains unusual objects such as gold teeth and a box of dirt, showing the variety of unclaimed physical property.
Overcoming Skepticism to Claim Money
- A woman in Georgia was suspicious and ignored calls about $50,000 in unclaimed life insurance money.
- After persistent contact, she eventually claimed the money and was very grateful.
Why Property Goes Unclaimed
- Unclaimed property often results from outdated owner information like incorrect addresses.
- Andrew Young discovered $3,500 unclaimed from his grandmother's life insurance due to such errors.