After sending a Michael Jordan rookie card to be evaluated by Professional Sports Authenticator and receiving positive ratings, Smith announced that the card would be added to the next set of auctions.
Auctions are hosted online at IowaUnclaimedProperty.org and are open to anyone registered and approved on Lone Star Auctioneers with a valid U.S. mailing address.
The Michael Jordan rookie card has a minimum bid of $4,250 with bid increments of $50. The bidding will close in two weeks, on Sept. 20 at 9:10 a.m. As of 10 a.m. Tuesday, Sept. 5, about an hour after the auction opened, no bids had been reported.
The card could sell for as much as $6,000, according to an estimate from the treasurer’s office.
“When auctioning off some safe deposit boxes a few months ago that we had held onto for 10 to 15 years without finding the rightful owner, we came across a Michael Jordan rookie card,” said Russ Trimble, chief of staff at the State Treasurer’s Office previously told the Register.
Trimble said when Axios contacted the office asking about the card, they knew they had a very sought after item.
“We decided to pull the card from the auction at that time and send it off to PSA to be graded to verify the authenticity,” Trimble said
The Michael Jordan rookie card came back with a Professional Sports Authenticator score of 7, which is “near mint,” according to PSA. This score indicates there may be slight surface wear upon close inspection, such as slightly frayed corners. Minor printing blemishes are acceptable, but most of the original gloss is retained.
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