Society

After Buying Desk At Auction, Man Discovers $125,000 In Bonds Hidden Inside

| by Dominic Kelly

A Massachusetts man purchased an old desk at an auction for $40 and was shocked when he discovered more than $125,000 worth of bonds hidden inside.

60-year-old Phillip LeClerc says he purchased the desk, known as a Governor Winthrop desk, at a recent auction for $40. The desk came from the home of a 94-year-old man after the man’s son became his caretaker and decided to sell the home.

When Kelley Auctions was hired to clear out and sell the furniture inside the home, they treated it like any other auction, but unbeknownst to them, the desk LeClerc purchased had $125,000 worth of bonds tucked away inside.

“First I said, ‘Oh, this can’t be real. This doesn’t happen,’” said LeClerc to The Boston Globe.“You hear about it, but it’s not too often that it happens.”

Upon making the amazing discovery, LeClerc immediately reported it to Marg-e Kelley, president of Kelley Auctions, and she was just as shocked as he was.

“I’ve been doing this for 10 years and every day the stories get stranger and better and [more] fabulous,” said Kelley. “The gentleman whose family the bonds belong to, he can’t even believe it. He said, ‘I’m over the moon.’”

The bonds reportedly matured in 1992, and since then, they’ve accrued interest, making them worth, in total, over $125,000.

“The first piece I saw was $500 and that was enough to shake me up,” LeClerc said. “It was really a fluke that it was found. If I wasn’t looking for the knob…I never would have found it. I think it’s probably going to make a big difference.”

The family who the bonds belong to reportedly claim that they’ve been looking for them for years and are excited by the discovery.

Sources: The Blaze, The Boston Globe / Photo Sources: The Boston Globe, How Stuff Works