man finds savings bonds in desk drawer

[keithbar 1]

anyone else see this on the news this morning ? man bought a desk at an auction found hidden in a drawer an envelope containing several $10,000 savings bonds . a total of hundred and twenty six thousand dollars in savings bonds . He tracked down and found the original owner of the desk and gave it back I consider myself a pretty honest person but I don't know how much effort I would have went to to track down the owner of that find. might have been a finders keepers situation

i have on occasion been accused of pulling low . My response. Naw I wasn't low I'm just such a big guy I look closer than I really am .

[Kadde 0]

If that happend to me today id say that the desk and anything that came with it is mine.

Can never have enough money for my hobbys! Or the hobbys i would also have with more money :)

[ryoder 1,590]

Another interesting unexpected discovery story I saw yesterday: http://www.theguardian.com/world/2014/nov/27/stuart-little-art-historian-long-lost-hungarian-masterpiece

"There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones.

[airdvr 210]

Last time I checked savings bonds are issued to an individual. I don't know how difficult it would be to cash them if you aren't the person.

I would hope the owner would flip him/her a nice bonus for returning them regardless.

Please don't dent the planet.

Destinations by Roxanne

[keithbar 1]

airdvr

Last time I checked savings bonds are issued to an individual. I don't know how difficult it would be to cash them if you aren't the person.

I would hope the owner would flip him/her a nice bonus for returning them regardless.

I was wondering about that I wasn't sure if they were pay to the bearer . the story did. Say that they were fully mature bonds

i have on occasion been accused of pulling low . My response. Naw I wasn't low I'm just such a big guy I look closer than I really am .

[muff528 3]

A quick search suggests that "savings bonds" are redeemable only by the registered owner (and I assume "non-transferable"). OTOH, although "negotiable" bonds are more easily transferred to another owner, they are registered to a specific owner and there is still a legal process for transference other than just handing them over like cash ...or finding them.

http://www.investopedia.com/terms/n/nonnegotiable.asp

But, how many owners has the desk gone through from the original owner of the bonds to the new owner of the desk.

[TriGirl 343]

I did see that story. The new owner tracked down the seller, who said he was selling his elderly father's stuff to help pay for said father's care, and that they had been searching for those bonds for a long time as well. Looks like they'll be able to take care of Dad after all!

See the upside, and always wear your parachute! -- Christopher Titus

Shut Up & Jump!

[BillyVance 35]

TriGirl

I did see that story. The new owner tracked down the seller, who said he was selling his elderly father's stuff to help pay for said father's care, and that they had been searching for those bonds for a long time as well. Looks like they'll be able to take care of Dad after all!

Yep. It's an awesome story of good karma.
That said, there is an appropriate place to store such important papers - a safe deposit box at your bank, or a fire-proof safe at home not easily found by burglars.

"Mediocre people don't like high achievers, and high achievers don't like mediocre people." - SIX TIME National Champion coach Nick Saban

[JohnMitchell 16]

BillyVance

***I did see that story. The new owner tracked down the seller, who said he was selling his elderly father's stuff to help pay for said father's care, and that they had been searching for those bonds for a long time as well. Looks like they'll be able to take care of Dad after all!

Yep. It's an awesome story of good karma.
That said, there is an appropriate place to store such important papers - a safe deposit box at your bank, or a fire-proof safe at home not easily found by burglars.

That IS a heartwarming story. And you're right. Those kinds of things belong in a much safer place, where people will find them if you become incapacitated or worse. A lot more stuff in my safe besides guns.

[billeisele 130]

so who sells a desk without looking in the drawers??

glad they got them back but hope they gave a nice reward, karma

Give one city to the thugs so they can all live together. I vote for Chicago where they have strict gun laws.

[keithbar 1]

What I took from the story was the envelope was hidden in the desk. Probably taped to the bottom of a drawer. They said he was searching through the desk looking for a missing knob. And the envelope fell out. But he found the knob too.

i have on occasion been accused of pulling low . My response. Naw I wasn't low I'm just such a big guy I look closer than I really am .

[ryoder 1,590]

billeisele

so who sells a desk without looking in the drawers??

Well, the Soup Nazi gave away that armoire with all his recipes in it.

"There are only three things of value: younger women, faster airplanes, and bigger crocodiles" - Arthur Jones.