Wednesday, May 03, 2017

The Mystery of Oak Island Solved by Joy Steele

While the Laginas begin to power up for a new assault on the treasure hidden beneath Oak Island, a new theory about the Money Pit has been revealed. Joy Steele, in her book, The Oak Island Mystery Solved, has provided an interesting idea. According to her, there is no treasure, never had been, and the alleged Money Pit is nothing more than a tar kiln, used in the early 18th century to produce material to repair ships. And, given what has been found on the island by the Laginas and some of those others, this does make some sense.

According to the history, back in the early eighteenth century, the British received their naval stores from Sweden which apparently included tar. But that supply was cut off and the British looked to their colonies in the new world to replace that source. They induced colonists in the Carolinas to create the tar kilns because of the dense pine forests (Can you say Tar Heels?). It would seem on my quick research that they built dozens of these kilns in the Carolinas, but it seems they also built them up and down the east coast of North America.

The question becomes, “Would they have built tar kilns on Oak Island?”

I have learned that pine trees are considered resinous trees, but oaks are not. They don’t produce resin when cut or “injured” which makes them good for furniture, cabinets and fire wood. Pines do produce the resin which can be rendered to tar which makes them bad for furniture and fire wood.

Would the British have established a camp on Oak Island and used it to produce tar? Well, oak trees aren’t any good for that, but there are pine trees in Nova Scotia. Would Oak Island have been a place where the British would build these kilns even if the pine trees were not in abundance on the island?

We know there was a British camp on the island. That was established by those guys the Laginas brought in and who, using metal detectors, found British coins and other debris that suggested a camp. So, there was a British presence on the island that predates the discovery of the Money Pit. And remember that the residents of Nova Scotia reported seeing lights on the island in the early eighteenth century.

I don’t know all that much about sailing ships of the eighteenth century, but it would seem that docking at an island for repairs might have been simpler than sailing all the way to the mainland (and yes, I know it’s not all that far, but the tides and depth of water might have made it somewhat problematic). That might also explain the artificial nature of that swamp that the Laginas are always attempting to drain, might explain some of the debris found in the swamp, and might explain why some believed that a ship had been scuttled in the area. It would might also explain the artificial beaches, the coconut fiber and the alleged coffer dam.

I also know that some of you might say, “Yes, but what about that stone with the strange carvings found 90 feet down in the Money Pit?”

I would say, “I believe that was created as an inducement for selling stock in another attempt to penetrate the Money Pit. They could say that they had found this plaque proving that there was a huge fortune just a few feet down. Buy stock in my company to recover it.” I would note that no treasure has been found a few feet below where it is the alleged stone was found.

There are those out there who will complain about this debunking of the Money Pit, but I have to say that you need to follow the evidence. The Laginas have provided some of that evidence from their searches. They have found coins on the surface, have pulled iron nails out of the swamp that suggest they had been using on sailing ships, and they have found evidence of lots of tunnels… but they have found absolutely nothing to suggests there is a treasure hidden anywhere on the island.

For those interested in seeing the other side of the coin, might I suggest you take a look at Joy Steele’s book, The Oak Island Mystery Solved, which can be found in many places including Amazon at: 


Craig McDaniel said...

Honestly, I am not convinced of any of the stories about what happened on the island. The only I know that has been verified is the former black slave who lived and farmed there. After 4 years of this show, who knows what the real truth is. Joy's story makes as much sense as anything else at this point.

albert said...


Add to that an island inhabited, with a high water table, seems like a lousy place to bury treasure. There were probably dozens of sites in that area better suited for hiding things.

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Ikonita said...

The coconut fiber though was dated to between 12th to the 14th century, which contradicts that thesis.

RedTornado2008 said...

The coconut fiber though was dated to between 12th to the 14th century, which contradicts that thesis.

It is quite possible someone from the late 18th Century used the old coconut fibers for a new use. They reused most everything they could get their hands on as resources were at times limited. That can explain the rather old dates for the coconut fibers.

KRandle said...

All -

If you look at the current data for carbon-14 dating, you'll learn that it is unreliable for anything under 700 years old. The Carbon-14 dating on the coconut fibers is not correct.

Craig McDaniel said...

There are other questions about what was found on the island that I have possible doubts about. One was the Spanish coin found in the pond. In my mind, finding one doesn't prove much. It could have thrown in for good luck for example. If there were a chest full or even 10 coins then I would view the pond seriously.

There are many questions about what was found on the island that could be question. Mainly because nothing has been verified to be in the actual hands or named group hundreds of years ago.

Unknown said...

What I don't get is, why bury a treasure that deep? 5 feet down is just as hidden as 100 feet down.

William Burnette said...

A treasure of some kind is there! The stone cross is the key to the treasure!The rocks tell the history! Everyone is trying to make it too complicated. If treasure is there it has to be accessible period!

John Scott said...

I believe there is something there.... i have to say the "tar pit" theory sounds far fetched.... where is the residue if that was the case? The Laguna's have found enough to prove there was or is something valuable on the island. The whole "make an inducement to sell stock" is ridiculous.

deBare said...

I really don't know why I watch this show ... except that it's got some of the funniest narration in the history of television. Every little item ... not matter how small or obviously insignificant, is turned into the potential discovery of the Holy Grail, or at least a ridiculous cliffhanger for the next segment or episode.

In my humble opinion, sadly it's much ado about nothing ... stretched over several TV seasons to recover some of the Lagina brothers' huge investment.

If two millionaires with virtually unlimited resources can't find anything of real significance with all the technology at their disposal, how is it remotely possible for pirates (or even Templar Knights) with few resources and limited technology to have even dug that deep, or built all the alleged tunnel traps, hundreds of years ago.

From a simple engineering perspective, it's impossible ... but wait ... they've just discovered another iron nail ... COULD IT BE PART OF THE LID OF THE LEGENDARY TREASURE CHEST BURIED AT THE BOTTOM OF THE MONEY PIT?!?!?!? ... stay tuned.

Anne Asher said...

Grammar and editing....try it

Unknown said...

Anne Asher must be an 80 year old retired English teacher

Amber Sebren said...

Anne Asher must be an 80 yr old English teacher....anywho, i really want the arch of the covenant

Lennox115 said...

I imagine that the coastline has erroded away from the time that treasure (if any) had been buried there. With that said I have to wonder if the swamp is man made and that it was actually two islands at one time.

Piltz said...
This comment has been removed by the author.
Ralph said...

The question from me is why would anyone bury any treasure this way?

If a pirate or whoever buried this treasure, how would they ever recover it?

It would have taken a huge effort to bury the treasure and all there is, is a report of some lights on that island.

When the lights were seen, a couple of boys found a block and tackle over the pit. That block and tackle was the only remaining evidence of all the work that must have been done. If you were burying a treasure and went to all the trouble of removing all the evidence of the construction project, why would you leave something hanging directly over where your buried treasure?

In addition, if someone organized burying something that deep along with digging all those tunnels, people would have died. No remains have ever been found.

It more than likely is just hype.

oldiron said...

Scratch a treasure and you find a con. Scratch a treasure hunter and you find a con man. I'm not saying the Laginas are con men, I'm saying that they are being conned by people who have been dead for 200 years. That actually is the best outcome for these guys. If that drill started spitting out gold coins it would be the worst day of their lives. After they find themselves arrested, charged with looting an historical site, finding out their permits are worthless, bankrupted by lawsuits, subjected to character assassination, vilified and targeted by hundreds of entities interested in grabbing what they have spent their lives working for, they will wish they never heard of oak island.