Oak Island Act

Hello n4N224CCW

Thank you for the interesting post I am a little amazed that they have not stopped treasure hunting there altogether. However I think there are more interesting places to explore around that part of the world.

Hardluck

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Hardluck,

Plenty of interesting places to look for treasure in Nova Scotia, but our Treasure Trove Licence has been repealed. How this new process or the authority to do such activities in NS (other than Oak Island) is unknown. You can bet our NS Museum will be heavily involved with Heritage Research Permits etc.

kberndt,

The traditional royalty for Oak Island under the old TTL has been 10%. What this royalty might be in the future is unknown but can be different for each applicant. While the authority might fall under the Minister, the actual approval and royalty has traditionally been set by our Executive Council. Treasure hunting on Oak Island has been a government game since written permission was first granted in 1849.

Will future royalties be so high to make treasure hunting non-profitable? Thus far and as far as we know, no treasure has ever been found below Oak Island, thus all efforts to date have been a financial loss for the treasure hunters.

For some many decades now, the search has not about getting rich for individuals or investors, but rather proving something.

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Erin Bennett Banks is the artist behind this wonderful painting inspired by the Oak Island mystery

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"Keep Digging Its Down There Somewhere" Treasure Hunting, Gold and Coins.