eBay My World: state.treasurer.cahill( 680)

Timothy P. Cahill serves as Massachusetts State Treasurer and Receiver General. He was sworn in for his second term on January 17, 2007.

In November 2005 the Treasury held the state's first online auction of Abandoned Property in conjunction with eBay Inc. The Commonwealth's collaboration with eBay was aimed at generating increased revenue for Massachusetts by reaching a larger number of bidders. A wide variety of unclaimed items were featured, including a platinum bar, rare coins, rings, gemstones and watches. The items were viewed over 150,000 times and a total of 4406 bids were placed. Massachusetts residents represented two-thirds of the winning bidders. The 49-ounce platinum bar was viewed the most - over 7000 times - and ultimately sold for over $45,000, the highest price paid for a single item in the auction. The bar was purchased by Coins 'n Things, a family-owned precious metals company in Bridgewater. The Treasury has employed cutting-edge technology to hold two eBay auctions of Abandoned Property garnering over $330,000 for the state.