Legends and Lore

Cocos Island is legendary for its natural and man-made treasures. The largest uninhabited island in the world, this 10-square-mile tip of an ancient volcano is the only isle in the eastern Pacific that bears rainforest. From the precipitous cliffs towering over the craggy shoreline to the 2,079-foot summit of Mt. Iglesias, the island’s highest peak, the luxuriant bed of jungle is riven only by scores of sparkling waterfalls that tumble out of the heights.

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It is for buried treasure that Cocos is perhaps most famous. Over the centuries before the Republic of Costa Rica assumed control of the island in 1869, pirates used Cocos as a buccaneer bank, secreting priceless artifacts and tons of gold bullion in its inaccessible hillsides. If the legends are to be believed, many of these pirates died from disease, battles, or excecution before they could ever return to the island to claim their loot, and it remains there to this day, hidden in natural caves or long-forgotten trenches. One estimate puts the accumulated treasure, if it is indeed all still there, at over $1 billion.

Cocos’ story begins in 1526, when the Spanish pilot Johan Cabeças first discovered the island. Sixteen years later, it appeared for the first time on a French map of the Americas, labeled as Ile de Coques (literally “Nutshell Island” or simply “Shell Island”).

Over the next century, the island became a kind of oceanic truck-stop, where ships of all stripes could rest and take on freshwater, firewood—and coconuts. Whalers stopped there regularly until the mid-19th century, when their industry in the region collapsed due to overfishing. Captains with missions ranging from exploration to administration of justice dropped anchor in Chatham or Wafer bays, the island’s principal harbors. More than any, however, pirates made Cocos their home.

The Golden Age of treasure-burying on the island took place in just a few years on either side of 1820

It all began in 1818, when Captain Bennett Graham, a distinguished British naval officer put in charge of a coastal survey in the South Pacific aboard the H.M.S. Devonshire, threw up his mission for a life of piracy. He was eventually caught and executed along with his officers, the remainder of his crew being sent to a penal colony in Tasmania. Twenty years later, one of the crew, a woman named Mary Welch, was released from prison bearing a remarkable tale. She claimed to have witnessed the burial of Graham’s fortune—350 tons of gold bullion stolen from Spanish galleons. (A recent estimate put the treasure’s present-day value at $160 million). Moreover, she had a chart with compass bearings showing where the so-called “Devonshire Treasure” was buried. Graham had given it to her, she said, just before he was captured, thinking—rightly as it turned out—that it would be safer on her person than on his. Welch’s story was believed, as much for her intimate knowledge of the island as for the chart, and an expedition was mounted to hunt for the treasure. Welch went along, of course, and as quite an old woman set foot once again on Cocos. In the decades since she’d been there, however, the lay of the land had changed so much at the hands of visiting sailors that many of her identifying marks, including a huge cedar tree near which she had once camped for six months, had disappeared, and the expedition recovered nothing.

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