Saturday, December 21, 2013

The Great Klondike Big Inch Land Caper

Many of us who date to the 1940s can remember the big event in our life when in 1954 Quaker Puff Rice begin issuing deeds to one square inch of land in the Yukon in their cereal boxes. Wow suddenly at 11 year of age I became a land owner and not just any land but land in an area where gold had been found and my where TV hero Sgt Preston of the Yukon lived.  My square inch was part of Group 2 in lot 243. It is a 19.11-acre plot on the west bank of the Yukon River about three miles upstream from town.  Many of the baby boomers who acquired these deeds, (which were 35 times larger than their square inch of land) kept them and now as they die off their heirs are inquiring if this one inch they inherited has any value.  Each years hundreds of letters are mailed to the Land title Office in Yukon Canada.  The answer is no - there is no value other than the paper of the deed which sometimes brings $40 in antique stores etc.  Quaker did not pay the $37 tax on the property so the property was confiscated by the Canadian government.  In addition the deed had to be recorded and none were.  For a really great story about the One square inch deed go here

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