If legend is to be believed, Captain Steel sailed for a relatively short period aboard his vessel known as the Ruby Dagger. It was not a large ship and Steel preferred to sail with a relatively small crew, just thirteen pirates, modest by the standards of the day.

By the time the Ruby Dagger had circumnavigated the globe, then sailed south though the Caribbean, she had found her way to the mysterious island of Dominica. The Ruby Dagger had left some 117 ships in her wake and was full to the gunnels with looted treasures from around the world. But she was not alone. Throughout the year 1726, Steel and his crew had developed quite a reputation and a long list of shipping companies, governments and monarchies, all keen to see an end to his pirating ways. So at this point, HMS Gallant, a warship of the crown, sent on the direct order of the King, was closing in on the Ruby Dagger.

Said to be from that very time, one of the recent treasure hunters found a piece of driftwood with the inscription,

"We be brave, we be bold, but with king's men starboard stern, we be sure to not grow old".

Believers of Steel's legend are certain that this is, in fact, a piece of the Ruby Dagger and written by one of the crew at the very time that the Ruby Dagger was being chased by the Royal Navy frigate.