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Mysteries / Strange places

The Oak Island Money Pit

1795 · Oak Island, Mahone Bay, Nova Scotia, Canada

Treasure hunters have dug on this Nova Scotia island since the 1790s, and nobody has found the treasure.

Oak Island and its wharf, August 1931
Oak Island and its wharf, August 1931Photo: Richard McCully · Public domain · Wikimedia Commons

Oak Island is a small, privately owned island in Mahone Bay on Nova Scotia's south shore, joined to the mainland by a causeway. It is famous for one thing: the hunt for a treasure that may or may not be buried there.

According to the often-retold story, a young man named Daniel McInnis noticed a depression in the ground in 1795 and began digging with two friends. They said they found a layer of flagstones and, about 10 ft down, a tier of oak logs. The Onslow Company, which took up the search in the following decade, was said to have found more oak platforms about every 10 ft down to about 90 ft, until the shaft flooded. Accounts of the 'Money Pit' have been published since 1857.

Theories about what is down there include Captain Kidd's treasure, religious relics, lost manuscripts and Marie Antoinette's jewels. Since 2014 the History Channel series The Curse of Oak Island has followed brothers Rick and Marty Lagina, who have reported centuries-old coins, a brooch and a lead cross. Sceptics argue the 'pit' and its flooding are natural features of the island's limestone and gypsum.

Timeline

  1. 1795Daniel McInnis and friends begin digging, according to the traditional story
  2. 1800sThe Onslow Company and later groups dig and hit flooding
  3. 1857The first published accounts of the Money Pit
  4. 2014The Curse of Oak Island begins airing
  5. 2019Long-time treasure hunter Dan Blankenship dies at 95

The theories, rated

  • Best fitNatural sinkholes and flooding

    The island sits partly on limestone and gypsum, which form natural cavities and let seawater in.

  • No evidenceBuried pirate treasure

    The oldest version of the legend; no treasure has been found.

  • No evidenceHidden relics or manuscripts

    Popular theories, often linked to the Knights Templar or to Shakespeare authorship, with no direct evidence.

Sources

All 13 mysteries