Sara finds an old gold coin while helping Gus and Captain Crane gather fire wood. Captain Crane informs her that the island is a burial ground of pirates treasure and that her coin very likely came from a treasure. Rachel Lynde, Janet King and Aunt Hetty all go looking in different places for treasure. Gus, Sara and Felicity are put in danger when Captain Borden, a former shipmate and friend of Captain Crane's, arrives in Avonlea. Borden believes that Ezekiel has knowledge of the location of a lost Spanish treasure. Captain Crane leaves the Avonlea after tricking Borden and giving Gus the lighthouse, as a home, and a ruby and gold ring.
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