Dr. Olaf Janzen to present. Those who ventured into the Newfoundland fishery and trade during the 17th and 18th centuries were confronted by many risks: hazards of navigation, uncertain conditions in the fishery, unpredictable markets. The frequent wars of the period could bring attacks on shipping and shore stations by hostile warships and privateers, while piracy could become a problem in peacetime. Unfortunately, piracy is one of those topics which generates a truly enormous volume of poor (if not outrightly bad) history. Too much of the literature is driven by sensational and fanciful, even outrageously erroneous, works which pander to readers whose understanding of piracy is governed by works of entertainment. This is as true for piracy in Newfoundland waters as it is for piracy in the Caribbean and elsewhere. I will explore this theme by examining one particular period in Newfoundland history, the twenty or so years immediately following the conclusion of the War of the Spanish Succession in 1713 when piracy did flare up in Newfoundland waters, yet I shall also argue that one of the more notorious pirates of the period -- Eric Cobham -- probably never existed. In short, while piracy was real, the same cannot be said of all pirates.