For years, the Money Pit has dominated The Curse of Oak Island.But one of the most interesting shifts in the investigation is now happening away from the island’s most famous target.On Lot 5, Rick Lagina’s team has been building a growing collection of unusual artifacts around a mysterious rounded stone feature near the shoreline.

The latest discoveries are small.A broken copper plate.A folded copper coin or token.Yet both may be significant because they appear to fit a much older timeline than the modern treasure hunt.And if the team can connect those objects to the feature itself, Lot 5 could become one of the most important historical zones on Oak Island.
A Copper Plate Raises a Military Question
Gary Drayton and Peter Fornetti were searching through spoil piles removed from the round feature when the detector produced a strong signal.The object appeared to be copper.At first glance, it looked broken and relatively simple.But Gary quickly noticed two rivets on the back.That changed the interpretation.The object may once have been attached to something.Possibly a belt.
A satchel.A piece of equipment.Or even a military uniform.
Gary immediately raised the possibility that the plate could have carried an insignia, a name or regimental markings.That would be enormously important.A decorative piece is interesting.A military object linked to a specific regiment could identify who was present on the island.

The Metal Composition Pushes the Timeline Back
The artifact was then examined in the Oak Island laboratory.Emma Culligan used CT scanning and X-ray fluorescence analysis to study both its structure and chemical composition.The result was a copper alloy containing zinc, iron, lead and arsenic.
The arsenic caught the team’s attention.According to the discussion in the lab, arsenic as an alloying element could potentially push the object’s manufacture back toward the 1600s, although the dating was not treated as absolute.
That possibility immediately connected the artifact to one of the team’s major current theories.Sir William Phips.Phips famously salvaged treasure from the Spanish wreck Concepción in the late 17th century.Researchers working with the Oak Island team have suggested that some of that recovered treasure may have been diverted elsewhere rather than returned to the English Crown.
Oak Island has become one possible destination in that theory.
Lot 5 Already Has Other Clues
The copper plate does not exist in isolation.The round feature on Lot 5 has already produced several artifacts that have attracted attention.These include Venetian trade beads, old iron tools and mortar-like material that the team believes resembles material recovered from deep in the Money Pit area.That combination matters.One artifact can be coincidence.Several objects from a similar historical period begin to form a pattern.The question is whether that pattern can be connected to one specific group or event.If the copper plate were ultimately shown to be military in nature, that could give the team exactly the type of identifying clue they need.
Then Came the Folded Copper Object
The second artifact is even more unusual.Gary recovered what initially appeared to be a folded copper object from the same general spoil material.At first, no one could say for certain whether it was a coin.But the object had apparently been folded over multiple times in a very deliberate way.
Emma’s analysis again suggested a copper alloy with characteristics that could place it somewhere between the post-medieval period and the 1800s, with the arsenic potentially supporting an earlier date.
The team then brought in coin expert Sandy Campbell.His conclusion added an entirely different dimension to the find.He believed the object was indeed a coin.And not merely a damaged one.It appeared to have been intentionally folded three times.
Why Would Someone Fold a Coin?
That question led the investigation away from economics and toward ritual.Historically, folded coins were sometimes used as talismans.They could be folded as part of religious or spiritual practices.One tradition involved folding a coin while praying to a saint.Another interpretation was that the folded metal could symbolically trap misfortune or evil.
That suddenly made the object much more than an old piece of copper.If it was intentionally folded before being deposited on Oak Island, then someone may have placed it there for a specific symbolic reason.That makes context extremely important.Was it lost?Was it buried?Was it part of a ritual?Or was it left during construction of the Lot 5 feature?
The Knights Templar Theory Returns
The folded coin also revived one of the show’s most persistent theories.Sandy noted that coin-folding traditions reach back into medieval Europe and were connected to Christian customs.That naturally led the team to discuss the Knights Templar.
But the artifact itself is not likely medieval.Its size and composition point more plausibly toward the 1600s or 1700s.That is where the Knights of Malta become relevant.
The programme has previously explored connections between the Knights of Malta and older Templar traditions.Rick Lagina also noted that the long axis of the Lot 5 feature appears to run east-west.That alignment caught his attention because churches and buildings associated with the Templars often followed east-west orientation.It is an intriguing observation.But it is not proof.
The team still needs a direct connection.
Sir William Phips or the Knights of Malta?
This creates an especially interesting problem for the next stage of the investigation.Lot 5 may currently support more than one theory.The late-1600s dating fits the period of Sir William Phips.The ritual interpretation of the folded coin invites discussion of Christian military orders.The old tools, trade beads and construction style suggest purposeful early activity.
These possibilities may eventually converge.Or they may represent completely separate historical events.That is why Rick’s approach remains important.He consistently treats each discovery as a puzzle piece rather than a final answer.

What Happens Next?
The next breakthrough could come from one of three directions.First, the copper plate could reveal an inscription, emblem or military connection through further scanning and conservation.Second, additional folded coins could establish that the first was not an isolated object.
Third, excavation of the round feature itself could expose more artifacts in original context rather than spoil piles.That third possibility may be the most important.
Objects found in spoil piles have already been removed from their precise archaeological position.Artifacts discovered in place could show exactly where and how they were deposited.That could finally help the team understand whether Lot 5 was a working site, a storage location, a ritual space or something else entirely.
Lot 5 Is Becoming Harder to Ignore
The Money Pit may still contain the island’s most famous mystery.But Lot 5 is increasingly providing something just as valuable:context.The copper plate may point toward military activity.The folded coin may indicate ritual.The trade beads and tools suggest older occupation.And the rounded stone feature may tie them all together.For now, there is still no single discovery that identifies who built the site.But that may not be far away.
Because if one future artifact carries a readable insignia, a date, a name or a clear cultural marker, the team could finally connect these scattered clues to a specific group.And at that point, Lot 5 may stop being a secondary excavation.It could become the place where Oak Island’s oldest story finally begins to make sense.
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