How Much Money Was Found at The Bottom of Niagara Falls? The Mysterious Millions

niagara falls

Throughout my travels, I’ve been fortunate enough to witness some of the world’s most awe-inspiring sights. From the ancient pyramids of Egypt to the bustling streets of Tokyo, every place has its own unique story to tell.

Yet, among all these wonders, Niagara Falls holds a special place in my heart. Not just for its breathtaking beauty, but for the mysteries it conceals beneath its roaring waters. One such mystery that has always intrigued me is the tale of the vast sums of money discovered at the bottom of the falls.

A Personal Encounter with Niagara’s Secrets

I remember my first visit to Niagara Falls. The sheer power of the water, the mist that enveloped everything, and the rainbows that danced in the sunlight left an indelible mark on my soul.

But beyond its natural beauty, the falls whispered tales of intrigue and mystery. Locals spoke of treasures lost to the depths, and one story, in particular, caught my attention – the discovery of a significant amount of money at the base of the falls.

The Tale Begins

Niagara Falls

It was during one of my evening strolls along the riverbank when an elderly gentleman shared a story from 1960. A boat, on what should have been a routine tour, lost control and met its fate over the falls.

While the passengers miraculously escaped, the boat’s cargo did not. It was said to be carrying a substantial sum meant for a bank deposit. The money, believed to be safely tucked away in a deposit box, was swallowed by the falls.

The Recovery

News of this discovery spread like wildfire. The challenge of retrieving the money from the treacherous waters of Niagara was no small feat. I remember seeing old photographs of the recovery team, battling the currents, using specialized equipment to dive into the depths.

After hours of relentless effort, they managed to recover a significant portion of the money. However, the exact amount remains shrouded in mystery, with estimates suggesting it was around $1.5 million rare coins – a fortune in those days.

The Historical Context

Niagara Falls, with its rich history, has always been a magnet for tales of adventure and misfortune. The story of the money is just one of many, but it offers a fascinating glimpse into the past.

The First Discovery

Going further back, in 1960, Roger Woodward made headlines as the first person to accidentally survive a plunge down the falls. Amidst the chaos of the incident, he lost his belongings, including a wallet full of cash.

Days later, a local fisherman, Matthew Webb, found a bundle of wet notes in his net. These notes, later returned to Woodward, were the first recorded discovery of money at the falls.

The Infamous Boat Accident

Another tale that has been passed down through generations is the tragic accident of the Maid of the Mist in 1853. This boat, laden with passengers and an estimated $200,000, met its doom when it struck rocks and sank.

Despite numerous attempts, this treasure has never been found, adding another layer to the falls’ enigmatic allure.

The Impact on It’s Legacy

The stories of lost fortunes have undoubtedly added to the mystique of Niagara Falls. My travels have taken me to many places, but the falls, with their blend of natural beauty and historical intrigue, remain unparalleled.

A Recent Discovery

In 2017, divers made a groundbreaking discovery – $1.5 million worth of rare coins at the bottom of the Niagara River. This find, consisting of gold coins from the 19th century and Canadian coins from 1912, has provided invaluable insights into the region’s trade and commerce history.

Niagara’s Role in Trade

The falls have always been a pivotal landmark for trade and transportation. The abundance of fresh water and hydroelectric power facilitated shipping through the Great Lakes, making Niagara a key player in North America’s economic landscape. The recent discoveries only underscore its significance.

In my many years of globetrotting, I’ve learned that every place has a story waiting to be told. Niagara Falls, with its tales of lost treasures and historical significance, is a testament to that. As I continue my journey, I carry with me the memories and mysteries of the falls, forever etched in my heart.

The Quest Continues: Unearthing More of Hidden Treasures

As a seasoned traveler, I’ve always believed that the journey is as important as the destination. And with Niagara Falls, the journey of discovery seems endless. Every visit, every dive, every conversation with the locals unveils a new layer of its rich tapestry.

The Ongoing Expeditions

The allure of Niagara’s submerged treasures has drawn many to its depths. Over the years, various expeditions have been launched, aiming to uncover more of the falls’ hidden gems. From personal belongings to artifacts from bygone eras, the list of items believed to be resting at the bottom is extensive.

Challenges in Retrieval

But the falls, with their powerful currents and treacherous depths, don’t give up their secrets easily. I’ve spoken to divers who’ve braved these waters, and their tales are a mix of awe and caution.

The swirling waters, the unpredictable undercurrents, and the sheer force of the falls make every dive a challenge. Yet, the possibility of unearthing a piece of history keeps the spirit of adventure alive.

Personal Encounters: Stories from the Depths

During my stays near Niagara, I’ve had the privilege of meeting individuals who’ve had personal encounters with the falls’ mysteries. Their stories add a personal touch to the legends that surround this natural wonder.

A Diver’s Tale

One evening, as I sat by the riverbank, I struck up a conversation with a seasoned diver named Alex. He recounted his experience of discovering a vintage camera from the 1950s during one of his dives.

The camera, though corroded by the waters, held within it a film roll. Though most of the photos were damaged, a few images of a family vacationing near the falls were salvaged. It was a poignant reminder of the countless memories the falls have witnessed.

The Lost Locket

Another touching story was shared by a local named Clara. Her great-grandmother had lost a locket while on a boat ride near the falls in the early 1900s.

The locket, a family heirloom, was believed to be lost forever. However, decades later, a guy with metal detector found it on the shores. The locket, though tarnished, still held a faded photograph of Clara’s ancestors. It was a heartwarming reunion of a family with its cherished possession.

The Legacy Lives On Niagara’s Enduring Mystique

As I pen down my experiences and reflections, I’m reminded of the timeless allure of Niagara Falls. Beyond its majestic beauty lies a world of stories, mysteries, and histories waiting to be discovered.

A Beacon for Adventurers

Niagara continues to beckon adventurers, historians, and treasure hunters from around the world. Its tales of lost fortunes, daring rescues, and historical significance make it a living testament to the past.

A Personal Odyssey

For me, Niagara Falls is more than just a tourist destination. It’s a journey into the past, a dive into mysteries, and a celebration of nature’s grandeur.

As I pack my bags for my next adventure, I carry with me the spirit of Niagara – a reminder that there’s always more to discover, more stories to hear, and more memories to create.


What was found at the bottom of Niagara Falls?

Over the years, various items have been discovered at the bottom of Niagara Falls, including coins, personal belongings, and even sunken boats.

One of the most notable finds was a significant amount of money in the 1960s, which sparked intrigue and numerous theories about its origin.

How much money has Niagara Falls made?

Niagara Falls, as a major tourist attraction, generates millions of dollars annually from tourism, park fees, and associated businesses. The exact amount varies year by year, but it’s undoubtedly a significant contributor to the local economy.

Does Niagara Falls cost money?

While viewing Niagara Falls from public areas is free, there are fees associated with parking, certain viewpoints, attractions, and tours. Costs can vary depending on the activity and the season.

Who owns most of Niagara Falls?

Niagara Falls is split between the United States and Canada. The U.S. side is located in New York State, while the Canadian side is in Ontario. Both governments manage and maintain their respective sides of the falls.

What did they find when they stopped Niagara Falls in 1969?

In 1969, the U.S. Army Corps of Engineers temporarily “turned off” the American side of Niagara Falls to study erosion and rock stability. During this time, they discovered millions of coins, various artifacts, and also two bodies that had been previously unrecovered.

How long will last?

 Niagara Falls is eroding, but at a relatively slow pace of about 3-4 feet per year. Given its current rate of erosion and without human intervention, it’s estimated that the falls will exist for another 50,000 years before turning into a series of rapids.

How old is Niagara Falls?

Niagara Falls is estimated to be around 12,000 years old. It formed at the end of the last ice age when water from the newly formed Great Lakes carved a path through the Niagara Escarpment en route to the Atlantic Ocean.

 Can you walk to the bottom of Niagara Falls?

Yes, there are guided tours that allow visitors to walk along wooden walkways to the base of the American Falls, known as the “Cave of the Winds” tour. It provides a close-up view

Final Words

Niagara Falls, with its majestic beauty and intriguing history, continues to captivate the hearts and minds of people worldwide. Its tales of discovery, natural wonder, and human interaction make it a must-visit destination for travelers and history enthusiasts alike.

As you stand before its roaring waters, you’re not just witnessing a natural spectacle; you’re becoming a part of a story that spans thousands of years.

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