Everything began with the discovery of the money pit, which was essentially a tunnel with a pulley system leading downwards on the private property of Oak Island. It would have been disregarded had it not been surrounded by three trees in a triangular pattern. What added to the law was that the base of the trees had three unforeseen symbols.
Even though the initial excavation attempts did not reveal anything of value, they became a significant part of popular culture. Many theories about its mysterious properties spread far and wide. It became so popular that it reached print media and fuelled the interest of people enough to carry out further excavation attempts.
The engagement of popular celebrities like John Wayne and Franklin Roosevelt gave people enough reasons to believe that there was something of value hidden beneath.
Excavation attempts have been carried out at different intervals because certain artifacts were uncovered at the initial attempts. Even though these items were not of significant value, they were bizarre enough to spark interest in what could lie beneath. The artifacts found were carbon dated and seen as several hundred years old.
Even though no one knows what lies in the money pit, everyone believes in the mystery and the unsurpassable value of the treasure at Oak Island. The most common theory includes the treasure being the Ark of the Covenant, Shakespearean manuscripts, and the priceless Holy Grail. There is even the belief that Shakespeare wrote the Knights Templar with enough detail to find out what treasure lies in the money pit. All anyone can say about the supposed treasure is based on speculations.
As the story goes, the initial money pit was discovered by a 16-year-old who carried out the first-ever excavation attempt down the shaft. As the discovery gained momentum and rumors started to fly, more and more professional excavation attempts were tried out. In the late 20th century, excavation attempts were made to such an extent that they caused significant damage at the location.
Everything was disrupted with natural elements like rubble, seawater, and clay. Whether you choose to call it divine intervention or just a human mistake, the original location of the money pit and the shaft discovered by McGinnis was forever lost. So even though treasure excavation attempts are still being made, no one knows in which direction to go.
There is no shortage of money invested in this project of uncovering hidden treasure, which is why it seems accurate to many. But if we look at the facts, there is no proof of what lies down the money pit. Even before the money pit was lost, one had absolutely no idea other than a flimsy guess about what the treasure could be. So if you try to find the real story behind the notorious Oak Island mystery, we can safely say that it is dependent on public speculation and interest.