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  1. #1
    us
    Mar 2004
    Florence, AL, Occupied C.S.A.
    White's Eagle II and Tesoro Golden Sabre
    145

    Oak Island Money Pit

    What's the latest news on the Oak Island Money Pit?
    You can't scare me. I've been married. Twice!

  2. #2

    Apr 2004
    700
    1 times

    Oak Island Money Pit

    I don't think there is any. the women who owns the island allowed a crew in sometime ago. they drilled but found nothing. Camera crews were on site and they filmed it. They left empty handed and the owner said she was satisfied that the treasure was going to stay where it is for a very long time.
    'Never be afraid to try something new. Remember, amateurs built the ark. Professionals built the Titanic.'

  3. #3

    Jul 2003
    kentucky
    371

    The Plot

    The knights Templar and there ships,

    This book took a lot of work and is one of the best i have read. There are several pages on pirates, take note of the place names.

    On the first page, on the left, click - Main and it will take you to the story about the Knights Templar. Did you know they had ships and that they may have sailed to north america. ( AHHH, the plot thickens).

    Pirates - Buccaneers And Marooners Of The Spanish Main
    Howard Pyle's Book of Pirates - Chapter I ... and their only chance, and they determined to take the Spanish ship or to die in the attempt. ... rose to distinction, men whose names, something tarnished and rusted by the ...
    www.skullandcrossbones.org/articles/pyle-01.htm

  4. #4

    Sep 2007
    1,010
    All Types Of Treasure Hunting

    Re: Oak Island Money Pit

    What is the latest news on this story?

  5. #5
    us
    Jun 2011
    56

    Re: Oak Island Money Pit

    This is a fascinating story over many many years since it was first discovered in 1795.
    Last I heard was that they were looking to drill more bore holes to map out the
    bottom of the pit. An underground vault located at some 230 feet + was actually penetrated by Dan Blankenship in the 70's by drilling
    a Bore Hole (10X) about 140 feet from the original pit.
    A camera was sent down to observe the vault and there really wasn't any treasure found.
    A diver also went down and noted that it was a man made vault but there wasn't any treasure
    there.
    I want to believe that there is also treasure there, but I think any treasure that may have been there
    is now gone.
    The History Channel may be the most current post.



  6. #6

    Sep 2007
    1,010
    All Types Of Treasure Hunting

    Re: Oak Island Money Pit

    I believe the story and that the treasure is still there.

  7. #7
    us
    Jun 2011
    56

    Re: Oak Island Money Pit

    Yeah I believed the same thing for many years, and would still like to but I haven't seen
    anything after all that work and millions of dollars spent and 6 people dead.

    I think the biggest disappointment was finally breaching the vault area some 230' below
    and finding nothing.
    Now there was some talk about a cement platform on the vault floor?
    But I think the reason why me and so many people had believed there is something down
    there is because of the many trip points/booby traps that were first set off during excavation,
    most notably the water tunnels, which protected the vault.

    However, it should be noted that the vault had been previously penetrated by some other
    means because it was flooded even before the waterway trip points were set off during
    excavation of the original pit.

    This was proven when Blankenship penetrated the vault by a secondary borehole (10x)
    140 feet from the original pit in the 70's, and what he found was an empty vault
    with evidence that it was flooded for some time, even before the main pit was even dug.
    Plans were changed or something happened back then to extricate whatever was down
    there by a secondary shaft/tunnel.
    Based on the research I have done on this site, this seems like the only conclusion
    to me.



  8. #8

    Sep 2007
    1,010
    All Types Of Treasure Hunting

    Re: Oak Island Money Pit

    #6... Are you saying that there was treasure, and somebody dig it up? Great story.

  9. #9
    us
    Jun 2011
    56

    Re: Oak Island Money Pit

    Hi There is only one scenario that can be deduced based on the empty vault:

    A Hoax.
    Now there are many people who will still believe that it is not a hoax, it doesn't matter
    that nothing has been found and that the vault is empty--you can't convince them.
    Why?
    Because a hoax is just that--a little truth mixed in with a lie.
    The little truth is that there may have been a chest or two of valuables put into the pit
    in order for one to be convinced of the hoax that there is in fact 'booty' at the bottom.
    If there was 'booty' then why did they need to spell it out in a cryptogram?
    'Forty foot below 2,000,000 pounds lie beneath'.
    'Lie' is the operative word here.
    Pirates don't play games like that--but the cryptogram just fed the lie.
    There was overkill of effort made to convince someone of the 'treasure' Why?
    It was just to conceal the fact that there was none.
    Treasure 'trinkets' that may have been put in chests in the pit was designed to mislead and misinform of a bigger 'booty'.
    But what really lied beneath the pirates thought back then the truth would be sealed with them--
    not so because Blankenship discovered otherwise--an empty vault.


  10. #10

    Sep 2007
    1,010
    All Types Of Treasure Hunting

    Re: Oak Island Money Pit

    #9... That means that a lot of people lost a lot of money and time looking for nothing. Thank you for you story.

  11. #11
    us
    Apr 2010
    377

    Re: Oak Island Money Pit

    I tell ya, that is the wierdest darned story!

  12. #12
    Charter Member
    us
    Jun 2007
    Shenandoah Valley
    Minelab EXP II w/ Sunray X-1 probe, Garrett AT Pro/Propointer
    739
    9 times
    All Types Of Treasure Hunting

    Re: Oak Island Money Pit

    I just don't think someone would have made a 230 foot shaft with booby traps just to deceive. That's a heck of a lot of work for nothing.
    Oldest U.S. Coin: 1787 Connecticut Copper
    Oldest non U.S. Coin: 1777 Spanish half reale
    Best civil war finds: Line A confederate button, NC button, 3 Connecticut buttons,New York officer cuff button, 3 Union officer sword belt plates, US box plate

  13. #13
    us
    Sep 2011
    Them Thar Hills
    36

    Re: Oak Island Money Pit

    Tis' quite a mystery.

    "['Forty foot below 2,000,000 pounds lie beneath'.
    'Lie' is the operative word here.]"

    Yeah, and the 2,000,000 pounds of earth which are above the lie beneath. The "wording" is questionable for sure.

    But as bearbqd points out, some amazing engineering and labor to perpetuate a mere hoax??

    We can send a man to the Moon, robots to Mars...we can drill for oil several miles beneath the ocean floor, but we can't solve the mystery of Oak Island??
    Digging, sifting, and separating the Gold from amongst the rubble and debris.  We are all miners here...in search of that pure vein of philosophic gold - which is Truth.

  14. #14
    us
    Aug 2009
    270
    1 times

    Re: Oak Island Money Pit

    ssooo now it's my turn. they (whoever) placed it there but also went back and recovered it, probably the retriever was only an
    accomplice in the beginning and had to restore the traps to fool the real owner.
    there is one reason for signs and symbols and that is for the owner to go back for whatever he placed there.
    pirates would you trust one? this was most likely the templars because they were really secretive. BUT, bad apples in every barrel.

  15. #15

    Dec 2004
    136

    Re: Oak Island Money Pit

    It is a little known fact that a Knight Templar, of clan Gunn, is buried in Medford, Ma. The Henry Sinclair party left left Scotland in the 1300's never to be heard from again. The carving of a broken sword on the marker stone indicates a fallen knight. There certainly was much history to this continent that has not been recorded. The Templars were an extremely wealthy group who saw wealth as a source of power, which they were skilled at using. One can easily imagine their need to carry a fortune with them to continue their trade where ever the landed. A route ultimately reaching the Mass coast likely passed by Oak Island. This could have been seen as a safe place to stash their wealth while they searched out a new homeland. The Templars engineering skills were legendary, leaving good reason to suspect them as the builders of this money pit. They never did establish themselves here, but I for one believe they are the builders of the pit.

  16. #16
    us
    Mar 2010
    XLT , surfmaster PI , HAYS 2Box , VIBRA-TECTOR
    3,094
    16 times

    Re: Oak Island Money Pit

    This money pit story is is getting a bit long in the tooth. The pit is like an old empty safe in a collapsed bank building. The pit has been explored several times with maybe one claimed gold chain link for the large sum of money spent. Now the pit has caved in and the exact location is now in question. It is now only a money pit to the investors. Let it RIP. Frank

  17. #17
    us
    Apr 2006
    northeast Wisconsin
    Fisher CZ3D, BH Discovery 3300
    885
    1 times

    Re: Oak Island Money Pit

    There is a great deal of "pre-Columbian" history about which we know very very little:

    http://www.wisconsinhistory.org/wlhb...&co=&mhd=&shd=


    Diggem'
    Yup. The end of a way of life. Too bad. It's a good way. Wagons forward! Yo!

  18. #18
    us
    Mar 2010
    XLT , surfmaster PI , HAYS 2Box , VIBRA-TECTOR
    3,094
    16 times

    Re: Oak Island Money Pit

    Diggem, That was a very interesting article. That beach area at Jacksonport might prove very interesting to detect . How about a couple of us get together and hit that beach when the weather is good. I dought if just one sword was lost in that area. Frank

  19. #19
    us
    Sep 2011
    Maryland
    14
    1 times
    All Types Of Treasure Hunting

    Re: Oak Island Money Pit

    Regarding the Viking thing, there are anchor holes (mooring stones) for Viking boats found up and down the east coast.

  20. #20
    us
    Mar 2010
    XLT , surfmaster PI , HAYS 2Box , VIBRA-TECTOR
    3,094
    16 times

    Re: Oak Island Money Pit

    I think the stones predate the Vikings. They had the use of iron. Frank

 

 
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