This monument is a real anchor that is circa 1850 and was actually found in Coal Harbour by divers from HMCS Discovery.
This type of anchor is known as an Admiralty Pattern Anchor and is also known as 'Admiralty' or a 'Fisherman'. It is typically what you would expect from an old anchor!
It is unlikely that you will see this monument in person because it is located on HMCS Discovery Naval Reserve so it is not normally accessible to the public. Occasionally, there are tours of Deadman Island on which you can see it!
The plaque says:
"Admiralty Pattern Anchor-Circa 1850"
Anchors of this pattern were commonly used in sailing ships visiting Coal Harbour during the 19th century. This anchor was lost by one of these ships and recovered by the divers of HMCS Discovery Naval Reserve.
SLT G. Smith
CPO1 G.Robinson CP02 G.Munro
P01 B.Docherty P02 C.Trepanier
MS R.Cooke D.Sproule
LS G.Hafey LS S.Lorette
LW A.Hendry LS G.Mah
LS J.Visser NCDT A.Wilson
Presented to HMCS Discovery on the change of command
Cdr.R.H.McIlwaine,CD - CDR.B.A.Cook,CD
Nearby to the Admiralty Pattern Anchor on Deadman Island is the 50th Anniversary Naval Reserve plaque.