Lost Treasure – The Oak Island Money Pit

The Oak Island Money Pit
In 1775, Daniel McGinnis was out walking on an island in Nova Scotia when he noticed a large hole in the ground with a tackle block hanging from a tree above it. McGinnis thought this was strange, considering Oak Island was unpopulated and not much use for anything  He used the evidence at hand to deduce that without question, there was treasure to be had in that there pit.

Daniel McGinnis and a  friend noticed  a circular depression as  if a pit had been dug and then filled in again.   Believing something of value may have been buried there they dug to a  depth of 9.1 metres.  Initially they  discovered a layer of flagstones followed by traces of pickaxes on the rocks. Some stories  say they found platforms of logs approximately every 3 metres.  They failed to find anything of value but the  story spread and was quickly linked to the missing treasure of Captain Kidd and even the notorious Blackbeard – Edward Thatch

This is probably the most  excavated site that has still failed to deliver up its treasure.  Oak Island is approximately 140 acres in size  and located just off the southeast coast of Nova Scotia.  It is one of many small islands in the area  and is now linked to the mainland via a narrow causeway.  The story has been embellished and distorted over  the years but here are the basic facts.

Over the  following centuries the pit has been excavated many times and prospectors have even  included an American president, Franklin D. Roosevelt.  It has not been an easy task and the pit is  claimed to be ‘booby trapped” and has regularly flooded.

The most  tantalising clue found so far was a code inscription on a flat stone which, when  translated, apparently stated: “Forty feet below, two million pounds lie  buried.”  The deepest excavations  reached 72 metres and over the years at least six people have died trying to  find whatever is buried on Oak Island.

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Aloha, I'm Amit Ghosh, a web entrepreneur and avid blogger. Bitten by entrepreneurial bug, I got kicked out from college and ended up being millionaire and running a digital media company named Aeron7 headquartered at Lithuania.