Theory has it that while digging, an underground cavern gave way, flooding the pit with water-and leaving the treasure in a precarious and unretrievable state. There, his crew dug the infamous Money Pit. But Phips and his crew went to hide the rest of the treasure for safe keeping on Oak Island. After all, Phips had his own problems with King James II, who wouldn’t let Massachusetts self-govern even after Phips gifted him boatloads of treasure.Īfter looting the wrecked ship a second time, the crew from Holland sailed back to the Netherlands with silver coins to fund the invasion, which was successful in overthrowing King James II in 1688. Upon his return to Englad, the rogue Protestants convinced Phips to go back with an increased crew from Holland and gain more treasure to fund the invasion. He and his crew recovered about $4 million in today’s currency on their first loot of the wreck. In a previous expedition funded by English aristocrats, Phips found a Spanish shipwreck loaded with treasure. Here’s where the treasure-and Phips-comes in. All King William III needed money to fund the war. Simply put, they wanted to overthrow him.Īn enemy of King James II, who fled to Holland when the king came to power, convinced the King William III of the Netherlands, who was Protestant, to join forces with the English to overthrow King James II.
When King James II came into power in 1685, the Catholic king was wildly unliked by the Protestant majority, including political leaders and aristocrats. The theory, as presented by the Peters, goes something like this: William Phips was a successful 17th century explorer with his expeditions funded by the English. The video sources much of its information from the book Oak Island and Its Lost Treasure, which first presented the convincing conspiracy. The theory was recently broken down by writer and history buff Hammerson Peters on his YouTube channel. But The William Phips Theory has many convinced, with hard evidence supporting the claim. Now, there’s endless theories to what type of treasure could be on the island-and how it got there. Legend says that seven men will die searching for the treasure before it is found. Not only is there a mystery, but there’s also a curse, hence the name of the History Channel series.
Theories say that the island could be home to a massive pirate treasure, the Holy Grail, Shakespearean manuscripts, or the Ark of the Covenant. But the main treasure has never been found-and remains a mystery even to these explorers. And some interesting artifacts have been unearthed. Since the 19th century, explorers have tried to locate the loot. Oak Island is in Nova Scotia, and the mystery in question is a legend that there’s big treasure buried there.
But for those who haven’t yet heard the tale, buckle your seatbelts.
#OAK ISLAND NOVA SCOTIA SERIES#
Could this complicated theory involving a 17th century plot to overthrow the king of England be behind the Oak Island mystery? It sounds pretty convincing-and there's even some hard evidence to back it up.Īnyone familiar with the History Channel series The Curse of Oak Island knows the mystery well.
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