This marker shows one of the ambiguities of our system. When leaving the Weirs channel for the Eagle Island channel you will be traveling about Northeast. If you're little more north than east, then the rules say pass east of black marker, which is the wrong side. If you're travelling more easterly, then go north of the marker and everything is fine.
As people have said this marker is usually no big deal unless you're the Mount or another deep draft vessel. There are other spots that are as ambiguous, the black marker SE of Treasure Island, comes to mind.
Nobody got my which spar marker has a stripe question. So I'll have to answer it myself. On the newer round plastic spars, the red one has a stripe.
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