Sir Richard of the Lea has lost a tournament and must now pay 200 gold coins, which he does not have. Richard must now marry off his son to Hugh the Mercer's daughter to gain the funds. Richard then asks Robin and his band to disguise as knights to impress Hugh. However, Hugh is not impressed by Richard's son and wants to instead marry his daughter off to Robin.
A woman seems to have a secret supply of gold. Rumors spread very quickly that she is a witch and can create gold on demand. The Sheriff of Nottingham has other ideas and sees it as an opportunity to capture Robin Hood.
Friar Tuck and Robin decide to have a wager to see who can raise more money. Robin will dress and act as a beggar. Tuck will appeal to religion and Christian charity.
A young man, Harold, finds Robin and explains to him that a treasure is hidden in his father's castle. To further complicate matters, Harold's father has recently died after an encounter with a Viking ghost.
King John is dragging his feet on getting the ransom money for Richard's release. A number of Lords have gotten together to raise the money and have entrusted Robin with getting the money safely out of the country without John's knowledge.
