1. The "Money Pit" mystery
Tales of pirates and buried treasures have always sparked interest,
but very rarely has a tale of excavation and digging garnered the
amount of attention that the Oak Island "Money Pit" has
without yielding much of major significance.
Today's Buzz takes a look back at a 2008 podcast from Brian Dunning
of Skeptoid during which he discusses the history of
the mysterious pit.
The "Money Pit" found on Oak Island, an island off Nova
Scotia in eastern Canada, has been the root of much mystery since 1795
when a teenage boy came across a peculiar depression in the ground and
rounded up some friends to dig more than 30 feet into the earth,
discovering a base of logs and layers of flagstones that the boys
thought might be a treasure-holding pit to house the wares of the
legendary pirate Captain Kidd.
Some years later a mining company sunk a shaft that flooded after it
passed a tunnel that opened directly into the sea. In context, it
became thought of thereafter as a pirate booby trap.
Other mining companies and various digs followed at Oak Island,
exacerbating the urban legend.
"To make a very long story short," Dunning writes,
"many companies and investor groups have taken over the island
and launched major digging efforts, costing millions of dollars and
the lives of six men killed in various accidents."
The excavation has spanned three different centuries, and hasn't
yielded one valuable coin or artifact.
might explain the pit?
2. Copper counterfeits
As copper pieces from the late 1790s increase in
value, counterfeiters have taken notice.
The fake shown here was produced from transfer
dies, where all of the details from a genuine model coin are
transferred to a set of fake dies, resulting in a counterfeit that
appears genuine at first glance.
3. Hail Caesar
Coins of the Twelve Caesars, a group of Roman rulers as described by
an ancient author, are among the most desirable coins sought by
collectors of ancient coins.
Senior Editor Jeff Starck breaks down the challenge
of putting together a Twelve Caesars collection.
4. Connect with Coin World:
5. Precious metals pricing
the following prices per ounce Wednesday at 1:02 p.m. ET:
6. Hot topics
Check out three interesting stories from the last couple of days:
MS-70 early issue American Eagle platinum $50 a
key: Market Analysis
Monopoly swaps dollars for credit cards
2016 Harpers Ferry National Historical Park
quarter dollar debuts June 8
7. Something social