After a season fishing on the Grand Banks, Bluenose defeated the ship Elsie from Gloucester, Massachusetts, returning the trophy to Nova Scotia. During the next 17 years of racing no challenger, American or Canadian, could wrest the trophy from her.
Fishing schooners became obsolete after World War II, and despite efforts to keep her in Nova Scotia, the undefeated Bluenose was sold to work as a freighter in the West Indies. She foundered on a Haitian reef on January 28, 1946.
Bluenose and her captain, J. Angus Waters, were inducted into the Canadian Sports Hall of Fame in 1955.
Her daughter, Bluenose II, was launched at Lunenburg on July 24, 1963, built to the identical plans by many of the same workers. She was sold to the government of Nova Scotia for $1 and serves as a goodwill ambassador, tourist attraction in Lunenburg, and symbol of the province. During the summer she visits ports all around Nova Scotia. Bluenose II does not race.
Bluenose II, like her mother, has the largest working mainsail in the world, measuring 386 m2; she has a total sail area of 1036 m2.
Bluenose has been portrayed on the Canadian ten-cent piece since 1937 and has been portrayed on a postage stamp.