The Last Great Buried Treasure Mystery: The Money Pit at Oak Island

The following is reprinted from The Best of Uncle John's Bathroom Reader.

(Image credit: NormanEinstein)

The romance of searching for pirate treasure has been celebrated in dozens of stories since Robert Louis Stevenson's Treasure Island. But is there really any buried treasure to be found? Maybe so … on Oak Island.

TREASURE ISLAND

In 1795, a teenager named Daniel McGinnis discovered an unusual, saucer-shaped depression on Oak Island, a tiny island off the coast of Nova Scotia. Next to the hole was an ancient oak tree with sawed off limbs. And, according to legend, a ship's tackle hung from the tree directly over the depression - as if it had been used to lower something very heavy into the hole. 

McGinnis was certain he had found buried pirate treasure, and with the help of two friends he began digging for it. Within minutes they hit rock - which turned out to be a flagstone buried two feet below surface. They hit another barrier made of oak logs at 10 feet deep; another at 20 feet, and a third at 30 feet. McGinnis and his friends kept digging - but they never found any treasure and eventually gave up. Still, word of their discovery spread.

SECOND TRY

In 1803, a wealthy man named Simeon Lynds took up the search. The diggers he hired found another platform at 40 feet, and found several more deeper down. Finally, at 90 feet, the workers found a large stone with strange symbols carved into it. No one could decipher what the stone said, but the workers were convinced they were close to treasure and kept digging. (The stone was later stolen.) At 98 feet deep, their shovels struck what felt like a wooden chest. But the sun was going down, so they stopped for the night. By the time the workers got back the next morning, the hole had flooded to the top with seawater. And it somehow kept refilling, even as the workers tried to bail it out. They never were able to drain the pit enough to finish digging. Like McGinnis, Lynds had hit a dead end.

AMAZING DISCOVERIES

Franklin Roosevelt and others at the Money Pit.

Lynds wasn't the last person to dig for treasure on Oak Island. In fact, so many excavations have been attempted that the precise location of the original hole - known as the "Money Pit" because so much money has been spent trying to solve its mysteries - has been forgotten because so many other holes have been dug nearby. Even young Franklin D. Roosevelt supervised a dig in 1909 (he followed Oak Island's progress even as president). And the search continues today. Some findings: There's at least some gold down there.

In 1849, treasure hunters sank a drill to the 98 foot level. Like Lynds, they hit what felt like a wooden chest. They dug through the top into what felt like "22 inches of metal in pieces (possibly gold coins)," through more wood, and into another 22 inches of metal. When they pulled the drill back to the surface, three links of gold chain were stuck to it. In nearly 200 years of digging, that's all the treasure that's been found. In 1897, another group of drillers dug down to 155 feet. They pulled up a half-inch-square piece of parchment - but that's not all. They also hit what they thought was a heavy iron plate at 126 feet, but couldn't pull it up.

Money Pit inscription and cipher at The Active Mind

In 1987, an IBM cryptologist finally deciphered an engraving of Lynds' lost stone. The message read: "Forty feet below, two million pounds are buried."

Image: George Bates

Maritime map set (The Oak Island Mystery)

HIGH SECURITY

Whoever dug the original pit went through a great deal of trouble to do it. In 1850, explorers resting on a nearby beach noticed that the beach "gulched forth water like a sponge being squeezed." So they dug it up - and discovered it was a fake. The beach was actually a manmade network of stone drains that filtered seawater and fed it into the Money Pit. The drains - designed to flood the pit whenever treasure hunters got close to the treasure - had been buried in sand to avoid detection. The Money Pit may even be protected by poison gas. On August 17, 1965, treasure hunter Bob Restall blacked out and fell into the pit he had dug. His son and four others tried to rescue him, but they also blacked out and fell in. Restall, his son, and two of the workers were killed. The autopsy finding: death by "marsh-gas poisoning and/or drowning."

TODAY

In 1977, the Montreal-based Triton Alliance, Ltd., a consortium of 49 investors headed by David Tobias, bought the 128-acre Oak Island for $125,000. They have spent more than $3 million digging for treasure. During one drill, Triton's workers found bits of china, glass, wood, charcoal - even cement. But no treasure. Perhaps the strangest incident associated with Oak Island occurred in 1971 when Tobias' partner Dan Blankenship lowered an underwater video camera into a water-filled cavity at the bottom of a shaft. On the monitor, Blankenship suddenly saw what looked like a human hand. Horrified, he called over three crew members, who later verified his story. Asked by Smithsonian magazine about the legitimacy of his hand-sighting, he answered, "There's no question about it."

WHAT'S DOWN THERE?

Oak Island's "treasure," if there is one, could be worth over $100 million. Among the many theories of what the Money Pit could be hiding:

1. The missing crown jewels of France. The Nova Scotia area was frequented by pirates in the 16th and 17th centuries - when the jewels were stolen. The local Mahone Bay takes its name from the French word mahonne, a craft used by Mediterranean pirates. 2. Inca gold plundered by Spanish galleons and later pirated by Sir Francis Drake. A carbon analysis of wood samples recovered from the area dated them back to 1575, around the time of Drake's explorations. However, there is no record of Drake ever having been to Nova Scotia. 3. Captain Kidd's buried treasure. Some believe Kidd buried his treasure there before being extradited and later hanged by the British. Before Kidd was executed in1701, he offered a deal: "He would lead a fleet to the spot where he had hidden his East Indian treasure, if the authorities would put off his execution. The deal was refused - and Kidd's treasure has never been found." There is, however, no evidence that Kidd was ever near Oak Island.

Others have their doubts. Some feel that the Money Pit is merely an elaborate decoy and that the treasure is actually buried in a nearby swamp. Others think it's just a sinkhole. Many doubt whether pirates had the resources and engineering know-how to construct such an elaborate trap.

POSTSCRIPT

Similar Money Pits are rumored to have been found in Haiti and Madagascar, although these discoveries have not been confirmed by archaeologists.

The article above, titled "The Mystery of Oak Island," is reprinted with permission from The Best of Uncle John's Bathroom Reader. Since 1988, the Bathroom Reader Institute had published a series of popular books containing irresistible bits of trivia and obscure yet fascinating facts. If you like Neatorama, you'll love the Bathroom Reader Institute's books - go ahead and check 'em out!

If you've ever seen the British show time team, you'd have to say that anything down there would have been found by now. There is so much equipment that can be used to see large metal objects under the earth without actually digging... although it is rather deep...

Interesting stuff though
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Just a little FYI on this one regarding the "drains" Woods Hole did a study on them.

From http://www.criticalenquiry.org/oakisland/whoi.shtml

The Woods Hole scientists introduced an extremely sensitive dye into Borehole 10-X and then monitored the coastline around the island to check for outflow. Absolutely no dye was detected emerging anywhere around the island despite the fact that the water level in the 'borehole' varies with the tide in the same manner as is claimed of the Money Pit. Also, the water in the hole is not actually seawater. Instead it is brackish, indicating that a freshwater 'lens' exists on the island, riding atop the surrounding seawater due to the density difference between the two. This is apparently quite common where island geologies are concerned (Aubrey, 2002). If the so-called 'box drains' actually existed we would expect to find only seawater in the Pit. Instead, the findings indicate that a subterranean stream, normal water infiltration through the deeper 'sand and boulder' soils, and/or other natural mechanisms have caused the flooding of the Pit and other shafts.

This finding is reinforced by the results of side-scan sonar studies that were conducted at the same time. No indications of any sort of channel or 'drain' between the Pit area and the shoreline were found. The scientists summarized this finding during the interview by stating that 'no direct connection to the surrounding ocean was found during the study (Gallo, 2002).'
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I grew up In NS and remember hearing about this. People said it was Blackbeard's treasure. Hope something really cool is down there and I hope they find it.
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Did you know that excavations are about to start up again on Oak Island?

A new group from Michigan, along with Dan Blankenship (long time Oak Island treasure hunter) have established Oak Island Tours Inc.

They have recently received their Treasure Trove Licence (necessary to conduct digs) and plan to begin their search very soon. For more information vistit: http://www.oakislandtreasure.co.uk/content/view/36/49/

Jo Atherton
Oak Island Treasure
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If the Smiths cove dam was to stop water from leaking inland into the flood tunnels beneath Oak Island, then there must be a similar shaft tunnel in the Birch Island triangle, in the inscriptions on the money pit stone found at the 90-foot level distinctly point to the right angle of a triangle. The Birch Island triangles right angle has a similar artificial beach as to the Smiths Cove Beach area; if these two-beach areas are built by the same original builders then they were built for the same purposes. There is visual evidence that shows that there was an ancient flood dam built around the right angle of the Birch Island triangle.

Since these two beach areas are similar, then flood tunnels run the same depth to the 100-feet level under the Islands, we know this because by the excavations of the Money pit. So what’s ever is in the Birch Island triangle probably goes to the100 ft depth and it has surface shafts inland that more than likely surfaces out of the triangle..... http://www.canadaka.net/blog/oakster
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The Oak Island stone triangle points north with a dividing stone line through it' directional straight up to the money pit. For some reason the stone triangle also pointed seven degrees west of the money pit, I believe this seven degrees off was because the stone triangle could line up with the two drilled stones at a right angle' the drilled stones were found north and north east of the money pit.
http://oakislandtreasurenewsarchives.blogspot.com/
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the money pit has eluded men for decades, and it seems that so much digging has only hamperd a true find of what may be a treasure trove.. not just in value but history knowledge ect!! the scientists who decipherd the stone tablets read, at 40ft two million will be found, the only problem with this quote, is the oak platforms where discoverd at ten foot levels going down 90ft.. so please why should pirates dig 50ft more for NO reason ? this work must of taken months to complete!! and after all they wernt land lovers.. the sea was there companion, any how more ships to loot out to sea... yours Lawrence.......
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...According to this web page:
http://www.veling.nl/anne/templars/knight.htm
...In the fourteenth century, some of the Knights Templar, escaping persecution in Europe, may have come to Nova Scotia with a certain...ah..."Treasure". Several people have questioned why somebody would create such an elaborate hiding place for, apparently, not very much treasure. Wellll, if what they were trying to hide was *the Holy Grail*...then definately what they created was worth it! - Pudnik....
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Has no one thought that the original diggers would want to recover whatever treasure lies at the bottom. Why make it so impossible to dig again. Perhaps all the traps and obstructions are there not to protect a treasure but to make sure something is never recovered.
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if it is writted,"Forty feet below, two million pounds are buried."
then perhaps it is simply forty feet below the surface?
Perhaps, the layers are code for the searching...... clay and youre there, coconut and youre too far....
Perhaps the treasure is ...7degrees out form the orignal tunnel?
Perhaps if the treaure is in someway related to the freemasons it will be spoken of within there writtings?
Perhaps the treasure can only be reached at set tied in some relation to the water tunnels?
.........
Sometimes when the puzzle is difficult and clouded, the answer is simple and clear.....just the mind confuses it up...

but, in saying all that.... there are alot of "perhaps"....... arrr mi hearties......where's the rum....
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well to realy solve the problem in my case. i would figure out the diameter of the money pit and lay stiel pipeing or walling around the excuvation area. that way when you dig. you can aline the stiel walling or a single piece of stiel pipeing int the whole ware you digg. an you can dig more easley without the worry of water leaking in. an it will be alot easyer to excuvate the dirt and simply repeat the proceses untile you get to your required destination of depth...
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Well, to be honest, I don't think the treasure is there at all. I mean it is there somewhere but may not be in that exact place! Like the people of the old age were quite talented in terms of reasoning than we are today. The reason being readily available materials for whatever we want, for example here we got the material for hidden treasure of Oak Island by just typing "lost treasure of world" in Google.
The people of the earlier times utilized their brains to the full and we, having internet at home are quite lazy to move our ass from the chair and start real research.
So, the point here is that we will have to think the way they thought. Now we are quite advanced in terms of technology and science so it is natural to have no knowledge of how we could have thought without these advancements.
Like Sir Albert Einstein was not able to define the atom after he had invented the atom bomb. The reason being that his level of thought had gone beyond the normal way of thinking of normal human beings.
So we have to think what they would have thought like to encode it with hardwares without having any automatic machines.
THINK guys! Its time to move back and do research and come back to present again.
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In 1960 we build a summer home in Toms River, New Jersey. History shows that Captain Kidd had used Barnegat Bay as a hideout where he could replenish supplies and go about seizing ships off the Jersey coast.

I would summer there and was a lifeguard on a local beach. The area where our house was built was sparsely developed and my brother and I would explre the forests around our house. there was a high hill that was about 1/4 mile from an inlet and we found a tree at the top of the hill with a chain hanging ftom a limb and a depression below the chain. Locals told me that the chain was used when deer had been caught and hung to dry and then cut into pieces. I thought that this was strange since the chain was couvered by the bark on the limb and I stuck a kife into the crevass and the barch overlay was over 2 inches thick.

I had read about Oak Island but no one believed my story. Today that hill has many summer homes, roads and a park. No one dug for the treasure but I believe that it's there.
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while at home sick i descoverd this oak island thing and have since spent hours reasearching one blog stated that a map of key or secret of some kind had been found the person funding the hunt was pushed aside and keept out of the loop as to what was going on this person feared for his life as he thort he had herd a secrit wich was ment to be kept from him he has since disapered along with what he susspected a map to the holey grail or to the resting place of crist himself from books and and what not that i have found there lies alot of trueth behind this .has any one elese herd this
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Think of it as you see it, what is seen, what you see, you see the stone marker that resembles a headstone, so death is involved, to me it says many have died collecting something that belongs to nobody. Maybe it's cursed and haunted and they WILL eventually find it on Dec 21, 2012 ! THE END OF THE WORLD!
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Radius of Doubt copyright Library of Congress TXu 689-510, March 21, 1995. Author David E. Moeller. Page 40 to 41 extract below by author: "...like a murder mystery, the question of "who did it?"; is usually a question foremost in peoples minds. I too have wondered about the likely suspects in this mystery. The 'pit', flooding systems and artifacts (the inscribed stone and stone triangle) are I think from the original effort to create what can only be called, a bank. Who did it? Most people familiar with the mystery on Oak Island, are bias; in thinking. Something appears to be still there to my mind, but it has only value to the people who buried it. It's a 'treasure' of a people consisting not of gold chains but family treasures, things that people wanted to keep. These people were the french smiths, merchants and farmers and their families who lived in this land with the native indians prior to their external exile. An exile forced upon these people after the colonial wars between England and France. In their forced exile from the land; they took only what could be carried, pulled or pushed; leaving behind their buried dead and forsaken dreams. And something of themselves that these people left, could also of been their spite. If this could be true, then it is apparent why the inscribed stone can be translated into a english sentence. Just in case; if the english found the pit before the french could reclaim the prized possessions."
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