Oak Island is a 140-acre island in Lunenburg County on the south shore of Nova Scotia, Canada. Oak Island is noted as the location of the so-called Money Pit and the site of over 200 years of treasure hunting. Repeated excavations have reported layers of apparently man-made artifacts, but ended in collapsed excavations and flooding. Critics argue that there is no treasure and that the pit is a natural phenomenon, likely a sinkhole.
The most common theory, however, is that pirates buried their treasure there and set up a series of traps to protect it. Captain Kidd and Blackbeard are both believed to be owners of the alleged booty. Other wild ideas range from Marie Antoinettes jewels to the Ark of the Covenant.
(thanks Stanley)
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