Oak Island is in Nova Scotia in Canada and is said to be home to what is called the Money Pit. Although it is now a private Island, permission is sometimes granted for treasure seekers to enter the property in search of the Money Pit. The earliest said discovery was in 1795 by a teenaged boy and his friends who discovered a circular depression in a clearing and also found a tackle block hanging on a tree branch nearby. The boys allegedly dug down and found pick ax marks as well as layers of logs about every ten feet. They stopped digging at around 30 feet. This excavation was not mentioned in writing until 1856.
Several years after the 1795 dig, the Onslow Company undertook their own excavation. They too discovered the same markings but dug deeper. It is said that at about 80 feet, they discovered a large stone which had an inscription of some symbols. As they began to try to decipher it, they found it said “forty feet below, two million pounds lie buried.”
Following that Oak Island Dig, many more followed. What was recorded on the first find in 1795 was not always found in subsequent digs. It is not even certain they were all digging in the same place, and there is some skepticism that if there were that many digs to the Money Pit, there should be more proof than what is available. Some say the pit is the result of a buried pirate treasure and some have other explanations. No concrete proof has ever been provided, however. There is, however, recorded documentation of man made structures under Oak Island. Stories from Pirate treasure to Marie Antoinette’s jewels being buried in the money pit have surfaced. Since no proof can be provided, all they are remain speculation. Perhaps one day, recorded documentation of a dig at Oak Island will provide some answers.
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