The Oak Island money pit


The Unreachable Treasure 

Everyone loves an adventure and one with a supposed treasure to be found is even better. If you are ever in Nova Scotia, Canada you can visit a popular site for undiscovered treasure called Oak Island or The Money Pit, as it is commonly called. Not much has been recovered in any of the numerous excavations except levels of clay, spruce, and oak with only a small piece of fortune in the form of links of a gold chain. This piece of property is up for sale now for any taker who is looking for a treasure hunt. The Oak Island money pit is said to have been man made and is well known for being a place of undiscovered treasure. Captain Kidd and Blackbeard are two likely candidates whom people look to when the question of who built the money pit is asked. Who knows, Oak Island could not even contain any treasure at all. It sure does intrigue us to keep looking though.

The Oak Island money pit has been a place of interest for quite some time now, around two hundreds years. It all started in the year 1795. The eastern end of the money pit lays untouched and it harbored a unique looking depression in the ground. In 1795, the forest happened to be visited by a teenage boy named Daniel McGinnis. When he came upon this man made construction his imagination carried him away to thoughts of pirates and their hidden treasure, gold and jewels for sure. With two of his friends, John Smith and Anthony Vaughan, Daniel starting digging hoping to find a treasure chest filled with pirate booty. These three young men dug 25 feet into the depression, but only hit oak logs and flagstones. They decided to stop digging because it would take more help and a detailed plan to go any further.

The next time that the money pit was searched was in 1803, but this adventure caused the workers to come up empty handed just like the three boys before them. They dug downward 93 feet finally reaching a barrier they believed was the treasure they were seeking. Unfortunately, they left the site to sleep and when they returned the next day it was filled with water, which ended their digging. In 1861, a digging was financed through a company and they were a bit more bit more successful than their predecessors. They did run into the same flooding problem as before, but they did find what appeared to be a few links from a gold chain.

Up until 1861, these treasure hunts were unsuccessful with finding valuables, but they were successful with everyone digging and coming out alive. This was not the case in 1861. Water again was an issue with this dig as it had been before. Workers used a pump that was powered by a steam engine. This proved not to be the smartest choice. The result of using this pump was the death of a worker when a boiler burst and several other workers were injured. This search went on for a period of three years and other losses were closely avoided. The bottom of the Oak Island money pit, which had been weakened by other digs, collapsed. Any hope of treasure was pushed even further downward, if it indeed did exist. These workers did, however find out where the water that caused all of the flooding was coming from. The bad news was that there was no way of turning it off, so the search ended at about the time when their funding ran out.

With the bottom of the money pit collapsed, it was difficult to tell where its original spot had been. Several other excavations were planned between 1866 and 1936. These searches were started although nothing of value was ever discovered. The one benefit of those diggings was that workers were able to stop the flooding from Smith’s Cove, but then water started to come in from the opposite side as a result of a man made or natural source. The searches were not cheap to fund and they never resulted in any treasure for the taking. Unfortunately, another life was taken in the hunt for the mysterious treasure of the money pit.

The money pit was not done with letting people know that there was a risk in trying to recover its treasure, if any did exist. It was the year 1959 when a former daredevil motorcyclist by the name of Robert Restall decided to become a treasure hunter. His son became his right hand man during the dig, but the two men were unsuccessful. The water that had caused so many other workers to abandon the hope of treasure caused Restall to work on it once again to block it off for good. He was near Smith’s cove on a shaft when he fell 27 feet to the bottom of the pit. His son tried to climb down a ladder, but he too fell off and landed beside his father. Restall’s partner and two other workers tried to help, but also fell. Only one worker survived. Carbon monoxide poisoning was blamed for the deaths. In 1970 a video camera was placed through a borehole that showed what looked like a human hand and a treasure chest, but they both remain at the bottom of the money pit and it is not be proven that the images on the camera are those objects. Just imagine this property with all of its undiscovered treasure is up for sale and you can purchase it and find what so many have been unable to obtain.

The Oak Island money pit is up for grabs with a price tag of nearly $7 million dollars. This money pit has been a place of interest for many years and it has eaten up dollars like it was the Pac man of construction. It is the longest running treasure hunt that has left all workers who tried to dig empty handed. The money pit is an archaeologist’s dream if you have the time, money, and desire to dig.

The Oak Island money pit

The Oak Island money pit

Page Sponsored By: Video File Joiner