I have no idea as I was not there.
I'm guessing it wasn't actually a hole at that point as it had been filled in. BUT who knows ...
Yes, you were not there in 1753 when Gifford and Smith, New York Fishmonger Merchants owned Oak Island, which one claimed was so small that there was no need to create a stone road in the swamp that could easily been walked around.
You were not there in 1762 when under the SHOREHAM GRANT ACT, Surveyor General of Nova Scotia, Charles Morris, surveyed and subdivided Oak Island into 32 four acre lots.
In both cases, the swamp was there, but there was NO mention of an unusual depression in the ground or hole.
In 1795, Daniel McGinnis claims to have found a depression in the ground on Lot 18, and assumes that there must be buried pirate treasure there, and the story grows.
As you mentioned, you were NOT THERE, so your entire knowledge of this hole comes from passed down hearsay from various writers and authors of magazine articles, books, and endless speculation posted on websites, ALL based on hearsay.
Yes, stories are made up everyday, and there are myriads about Oak Island.
So with your endless harassing posts as acting TN thread holeologist concerning "if" there was an original hole directed to several members, you, my friend n2mini, don't actually know the answer to:
What came first, the hole or the story about the hole?