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Type Transportable Items
Related Trading Companies

Treasures are Transportable Items that can be found, carried, and sold to Trading Companies in exchange for Currencies, Reputation and Emissary Value.


Treasure is the main source of Gold, Doubloons, Reputation and Emissary Value in Sea of Thieves. Each Trading Company values certain types of Treasure Items and has Representatives at every Outpost. These Representatives accept all Treasures related to their Company for Gold/Doubloons, Reputation and Emissary Value. Outpost Representatives also offer Voyages, which take Crews on Quests that lead them to these Treasure items.

Aside from focused Voyages, random Treasure can be found all over The Sea of Thieves, whether hidden or beached on Islands, floating amongst Barrels of Plenty or Shipwrecks in the Sea, locked behind Vaults in Forts or taken/eaten by various menacing foes such as Skeleton Ships, Megalodons or the Kraken. Every Treasure Item has a colored glint or glow surrounding it so that Players can spot them and determine their type from afar.

Every Treasure item has to be carried by hand to its respective Company Representative to receive a payout. A single Pirate can hold one Treasure Item at one time (even if the item fits into one hand) and cannot fight or use any Equipment or Resource Items while carrying it. The Treasure has to be dropped to regain full control of the Pirate. Every Treasure Item can be retrieved from afar with a Harpoon. Most smaller Treasure Items can be placed inside Container Chests to hide any emitted Glow, Glint or Sound. Container Chests can carry up to 3 Small Treasure Items, making transportation and delivery of these items a fair bit easier.

Any Treasure that has been picked up and left on land will stay there until interacted with again, however any Treasure item dropped in water will sink after about 5 minutes of floating (With the exception of Trade Good Crates, which have been found to stay afloat for longer).

While sailing as Trading Company Emissaries, picking up a Treasure item that is relevant to the Company will give Crews Emissary Grade Reputation. The Crew will get additional Reputation if they put these items on their Ship. These reputation increases are given only when the Crew claims a Treasure item for the first time.

Types of Treasure Items[]

Treasure items are categorised by the Trading Company that wishes to purchase them for Currencies and Reputation (and Emissary Value if sailing as a Trading Company Emissary). Within the three main companies (The Gold Hoarders, the Order of Souls and the Merchant Alliance), Treasure Items are also categorised into Regular, Ashen, Stronghold or Skeletal and Ghostly variants depending on their source.

Gold Hoarders Treasure[]

The following are the Treasure Items that can be sold to the Gold Hoarders Trading Company on any Outpost for Gold and Reputation. These Items yield increased Reward and Reputation as well as Emissary Value when sold to the Representatives as Gold Hoarder Emissaries.

Treasure Chests[]

Main article: Treasure Chest

Treasure Chests are unbreakable and locked Chests that are sold to the Gold Hoarders, who have the Keys to open these Chests, for a margin of their valuable contents. Moreover, Treasure Chests can be found as a part of Treasure Maps and Riddle Maps, inside Ancient Vaults, or randomly across The Sea of Thieves. Treasure Chests emit a White Glint from a distance. There are six types of Treasure Chests: Regular, Shipwrecked, Coral, Ashen, Valuable and Cursed Treasure Chests:

  • Regular Treasure Chests have no distinct qualities to them.
  • Shipwrecked Treasure Chests are damaged, barnacle-encrusted versions of regular Treasure Chests that can be usually found underwater or in Shipwrecks. These sell for the same amount as their regular counterparts.
  • Coral Treasure Chests are coral-encrusted versions of the regular Chests that are found only in Siren Shrines And Siren Treasuries.
  • Ashen Treasure Chests are molten versions of regular Treasure Chests. These are most commonly found in The Devil's Roar and can be sold for roughly double the price of their regular counterparts.
  • Valuable Chests are Chests that are specific to various Encounters on the seas.
  • Cursed Treasure Chests are tied to specific locations or have specific effects attached to them and are generally very valuable.


Main article: Artefacts

Artefacts are smaller items that can be found either on their own, hidden away in Treasure Chests throughout The Sea of Thieves, or inside Fortress Vaults. There are four types of Artefacts:

  • Regular Artefacts are a selection of small Trinkets, Containers or Ornaments made out of valuable metals and gems. These emit a Golden Glint from a distance. They share their pricing tiers with Treasure Chests.
  • Coral Artefacts are coral-encrusted versions of some of the Regular Artefacts that are found only in Siren Shrines and Siren Treasuries.
  • Devil's Roar Artefacts have an Orange Glint to them and are covered in the red hot crystals of The Devil's Roar. They are generally more valuable than their regular counterparts.
  • Ashen Artefacts are found as a part of The Seabound Soul Tall Tale. These are nearly identical to the Devil's Roar Artefacts, however they sell for very little.

Treasure Vault Keys[]

Main article: Treasure Vault Keys

Treasure Vault Keys are small Totems that open Gold Hoarders Treasure Vaults hidden away on Large Islands. These Keys can be acquired through Wayfinder Voyages offered by the Gold Hoarders. There are 7 variants of Vault keys, and each can appear in 1 of 3 different materials - Stone, Silver and Gold. The animal depicted on the Totem determines the location of the Vault whereas the material of the Key determines the value of the Key itself, the value of the loot in the Vault, and the difficulty of the Vault.

Magical Items of the Order of Souls[]

The following are the Treasure Items that can be sold to the Order of Souls Trading Company Representatives on any Outpost for Gold and Reputation. These Items yield increased Reward and Reputation as well as Emissary Value when sold to the Representatives as Order of Souls Emissaries.

Bounty Skulls[]

Main article: Bounty Skulls

Bounty Skulls are cursed Skulls belonging to Skeleton Captains that can be sold to the Order of Souls Representatives who will use magic to look into the memories of said Captains. The Captains can be found as a part of Bounty Voyages sold by the Order, Bounty Maps found on the seas, or wandering around on Islands by themselves. Their Skulls can also be found littered all over The Sea of Thieves. They have a light blue glint when viewed from a distance. There are four types of Bounty Skulls:

  • Regular Bounty Skulls have a dominant green glow to them.
  • Coral Skulls are coral-encrusted versions of some of the Regular Skulls that are found only in Siren Shrines And Siren Treasuries.
  • Ashen Bounty Skulls are variants of the Regular Skulls that have additional traces of hot fire imprinted on them. They sell for roughly twice the amount of their regular counterparts.
  • Powerful Skulls are only received from specific locations or from particular Skeletal Enemies and are generally more valuable.

Dark Relics (Legacy)[]

Main article: Dark Relics

Dark Relics were various small items related to dark Rituals that were stolen from the Order by Skeletons. The Order of Souls requested the help of the Bilge Rats during the Dark Relics Event, who offered Pirates Dark Relic Voyages for a limited time to retrieve these valuables. After the event, most of the Dark Relics are now kept safe by the Order and Bilge Rats, who have attempted to use these Items for various rituals and thus are no longer found on the Sea.

Merchant Alliance Goods[]

The following are the Treasure Items that can be sold to the Merchant Alliance Trading Company Representatives on any Outpost for Gold and Reputation. Many Merchant Alliance Goods are Commissioned to be delivered in a certain amount of time, upon which they sell for ten times their regular value. The date and time can be determined at any time using a Pocket Watch. These Items yield increased Reward and Reputation as well as Emissary Value when sold to the Representatives as Merchant Alliance Emissaries.

Captured Animals[]

Main article: Animal Crates

The Merchant Alliance values wild Animals as a commodity and as such commissions Merchant Voyages by giving the Player Pirates the necessary Animal Crates for capturing and delivering them to a certain location in a certain amount of time. These Animals need to be caught in their respective Crate to be sold. Empty Animal Crates cannot be sold. The Animals themselves can be found roaming around on Islands. There are four variations of each Animal, each fetching a different price. Note that any Animals that are captured and sold to the Representatives without a commission from the Merchant Alliance will fetch a very small reward. There are three types of Animals that the Merchant Alliance is looking for:

  • Chickens, which are tame, slow and easy to capture.
  • Pigs, which are active, quick and become hungry if not fed with Food every now and then.
  • Snakes, which are wild and can poison the Player, but can be calmed with Instruments.


Main article: Explosives

Gunpowder Barrels (Also known as Kegs) are explosive devices that can be used to blow up Ships and Enemies, set Fires, or be sold to any Merchant Alliance Representatives instead. Without a Commission, Gunpowder Barrels don't sell for very much. Every now and then, however, Players may find Merchant Voyages with a deadline, requesting Kegs aside the usual Animals. In this case they are willing to pay ten times the usual amount for regular Kegs. Gunpowder Barrel requisitions can also be found from singular Trade Good Commissions from around the Sea. Gunpowder Barrels can generally be found in large numbers on Fortress Islands, or sometimes floating among Barrels of Plenty or inside Shipwrecks. They can also be retrieved from Gunpowder Skeletons. There are currently two types of Gunpowder Barrels:

Resource Crates[]

Main article: Resource Crates

Resource Crates are Crates that are filled with or need to be filled with specific Resource Items. These can sometimes be found on islands or floating amongst Barrels of Plenty, or obtained from Merchant Alliance Representatives when a Trade Good Commission for one is found. Not all Resource Crates can be sold; Only the ones that can be filled up with a maximum of 50 Supply Items can be sold and commissioned. As with other commissioned goods, the value of a filled Crate is ten times as high when sold for a Quest. There are currently five types of sellable Resource Crates:

Trade Good Crates[]

Main article: Trade Good Crates

Trade Good Crates are various closed Crates of valuable Trade Goods. Trade Good Crates can be found all over The Sea of Thieves, both on land and the open seas. They are most easily obtained through Lost Shipments voyages, or inside Fortress Vaults. These Crates do not have delivery deadlines, commissions, or Commendations related to them, however they fetch an above average Gold and Reputation reward from Merchant Alliance Representatives. There are three categories of Trade Good Crates:

  • Regular colored Crates of valuable Trade Goods, available all over the Sea.
  • Goods from The Devil's Roar, closed in darker-shade crates that still burn with embers and are more likely to spawn in the Roar.
  • The Crate of Ancient Bone Dust, which only appears in Fortress Vaults and is the most valuable Trade Good Crate.

Cargo Crates[]

Main article: Cargo Crates

Cargo Crates are open Crates of valuable yet fragile Trade Goods that require to be delivered not only within a time limit, but also in good condition. These Crates are mostly picked up from and delivered to various NPCs on Outposts, Seaposts and Large Islands, but can also be occasionally found on beaches. Cargo Crates need to be handled in a specific way to preserve their condition. If mishandled, the condition of these Crates will worsen, which also results in a smaller Gold payout from the Merchant Alliance. There are three types of Cargo Crates, which each have a regular and a Devil's Roar version (the Roar versions are even more fragile, but are worth twice as much as the regular versions):

  • Crate of Luxurious Cloth - These Crates of intricately woven Cloth require to be kept away from any sources of Water, or they will become waterlogged and lose their value.
  • Crate of Rum Bottles - These Crates of fragile Rum Bottles need to be kept away from any sources of damage, or they will develop cracks and eventually break. Moreover, if a Player jumps or falls with them in their hands, they will crack.
  • Crate of Plants - These Crates of sensitive Plants have to be watered every now and then to stop them from wilting.

Merchant Coffers[]

Main article: Coffers

Merchant Coffers are small coral-encrusted trade good coffers that are found only in Siren Shrines And Siren Treasuries. Despite their small size, some can sell for decent amounts of Gold and Reputation. They share their pricing tiers with Trade Good Crates.

Merchant Manifest[]

Main article: Merchant Manifest

Merchant Manifests are small books that contain details of a Merchant Ship's voyage. They can be found only during Lost Shipments voyages, and are very valuable to the Merchant Alliance. They work the same as regular Treasure items in that they do not have Commissions and can be sold whenever the Player sees fit to do so. There are four tiers of Merchant Manifests, each with a different Gold and Reputation reward when sold:


Main article: Commodities

Commodities are a type of Crate that can be bought and claimed from Merchant Alliance Representatives at Outposts and sold to ones at other outposts. They do not have Commissions. After looking at the Merchant Alliance Outpost Inventories book next to the NPC, you can figure out which commodity is sought-after, or in surplus at each Outpost. The typical strategy is to buy several Commodity crates at an Outpost that has a surplus of that kind, and deliver them to an Outpost in which that kind is sought-after. There are seven kinds of Commodity crates:

  • Raw Sugar
  • Unprocessed Tea
  • Broken Stone
  • Unsorted Silks
  • Unrefined Spices
  • Unfiltered Minerals
  • Assorted Gemstones

Sea Dogs Treasure (Legacy)[]

The following were the Treasure items valuable only to the Sea Dogs Company, who organise the competitive Arena Game Mode at The Glorious Sea Dog Tavern. During an Arena match, players could sell these items to the Sea Dogs on the ship in the center of the playable area.

Glorious Sea Dog Chests[]

Glorious Sea Dog Chests were exclusive to The Arena Game Mode and were the only type of Treasure valuable to the Sea Dogs. These Chests acted similarly to a Reaper's Chest in that they were always visible on the Map Table and were accompanied by a Purple Light Beacon. These Chests were dug up and sold for Silver, which is a special Currency that acts as a point counter for Arena matches. Glorious Sea Dog Chests did not reward players with Gold, nor Reputation (unless specific Commendations related to the chests are completed). Instead, players earned increasing amounts of Gold and Reputation for placements in a single Arena match.

The Hunter's Call Food and Plunder[]

The following are the Items valuable only to The Hunter's Call Trading Company Representatives, who like to hang out on Seaposts and offer Gold and Reputation in exchange.


The Hunter's Call is a Company that specialise on purchasing Food Items, specifically Meats and Fish. These Items themselves can be used as Food to replenish Health, but sometimes they are more valuable when Sold.


There are various species of Fish all over The Sea of Thieves that can be fished with a Fishing Rod. Each species of Fish live in specific Locations and may be interested in specific type of Bait. There are five variations of each species of Fish, with varying rarities or conditions. The rarer the fish, the more Gold and Reputation they are worth. Additionally, there is a Larger, Trophy variant of each Fish that are harder to catch, but are also worth more. Cooking any Fish on a Stove or a Campfire increases their value (unless they are left to Cook for too long and become Burnt, after which they are worth significantly less), with Cooked fish fetching the most Gold and Reputation. Fish can sometimes be found in Barrels in Shipwrecks, Barrels of Plenty or Skeleton Ships. There are 10 species of Fish:


The second Food Commodity that The Hunter's Call value is Meat gathered from defeated Animals or Beasts, such as Megalodons or the Kraken. These Meats cannot be sold Raw and need to be Cooked at a Stove or Campfire. Meat can sometimes be found in Barrels in Shipwrecks, Barrels of Plenty or Skeleton Ships. There are five types of Meats:

Treacherous Plunder[]

Treacherous Plunder is what The Hunter's Call call various Junk items that seem to stick to the Fishing Rod from time to time. These Items can sometimes be found on the Fishing Line when Fishing without any Bait. The Items themselves are only worth 10 Gold and can only be sold to The Hunter's Call. Their main value is to acquire the Hunter of Treacherous Plunder Commendation.

Athena's Fortune Treasure[]

Main article: Athena's Treasure

Athena's Treasure Items are legendary valuables that can be sold to the Athena's Fortune Trading Company, who are represented by the Mysterious Stranger at every Tavern. These Items yield increased Reward and Reputation, as well as Emissary Value when sold to the Representatives as Athena's Fortune Emissaries. These Treasure Items are only found during Athena's Fortune Voyages, The Athena's Run Mercenary Voyages or Athena's Fortune Emissary Quests (With the exception of the Chest of Legends, which is guaranteed to be found in the Fort of the Damned (raid)).

Athena's Chests[]

Athena's Trade Goods[]

Athena's Skulls[]

Legendary Artefacts[]

Bilge Rats Valuables[]

Main article: Bilge Rats Treasure

The following are Treasure Items that are valuable to the Bilge Rats Company. They are represented by Larinna, a woman who stands outside each Tavern. These Valuables are related to various Bilge Rat Adventures and are sold for Doubloons (and earn Commendations) instead of Gold. All of these items can also be sold to The Servant of the Flame at The Reaper's Hideout for Reaper's Bones Reputation and Emissary Value (When sailing as a Reaper's Bones Emissary).

Ritual Skulls[]

Ritual Skulls were initially one of the Dark Relics, but as they were retrieved, they became less valuable for the Order of Souls and are now only valuable to the Bilge Rats, who buy them from you for 10 Doubloons. These Skulls are tied to the Fort of the Damned Bilge Rat Adventures and are used in Rituals to start the Raid Encounter at the Fort. The Skulls can be found from Ashen Chests, Skeleton's Orders and Skeleton Ship Battles, or retrieved from Skull Stash Voyages.

Rag & Bone Crates[]

Rag & Bone Crates were mainly found and delivered during the Smuggler’s Fortune content update, delivered for the Bilge Rats to certain Seaposts for 5 Doubloons on time, or 2500 Gold if delivered late. Nowadays, they can be found mainly in Fortress Vaults, and do not have a deadline by which they need to be delivered.

Ashen Treasures[]

Ashen Treasures are a group of Items found by defeating special Skeleton Captains, called Ashen Key Masters, who drop Ashen Keys, and Ashen Guardians, who drop Ashen Guardian's Notes. Ashen Guardian's Notes are similar to Skeleton's Orders, with the only difference being that they lead to Ashen Chests instead of regular Treasure Chests The Chests and Keys can be sold individually to the Bilge Rats for Doubloons (and Commendations), however when used in combination, the Chests open up to reveal various Ashen Tomes, which are worth additional Doubloons and unlock various Cosmetic Items from the Ashen Dragon Set. The Chests may also reveal other Treasure Items, such as Artefacts, Pouches of Currencies or Ritual Skulls.

Reaper's Bones Pilfered Items[]

While the Reaper's Bones accept any and all Treasure at stolen from other Trading Companies, they also covet a few Reaper's Bones Treasure Items that have no use to other Companies. These Treasure Items bring increased Reputation gains with the Company when sold to The Servant of the Flame at The Reaper's Hideout. All Treasure Items sold to Reaper's as Reaper's Bones Emissaries increase Reward and Rep, as well as Emissary Value gains.

Reaper's Boxes[]

Reaper’s Chests and Reaper's Bounties are special Treasure Chests that can be found from Shipwrecks, Skeleton's Orders and the Fort of the Damned Fortress Vault. These Chests emit a big pillar of light into the sky, bearing the Reaper’s Mark, which always shows the location of the Chest on every Map Table. They can be sold to the Reapers for Doubloons or Gold for high Reputation and Emissary Value gains.


Gifts are small packages, the contents of which are a mystery, however they are still valuable to The Servant of the Flame, who is willing to pay Doubloons for these Gifts at The Reaper's Hideout. Gifts can be found from Skeleton's Orders Maps, from inside Skeleton Fortress Vaults or from the shorelines of Islands and Forts.

Broken Emissary Flags[]

Broken Emissary Flags are the remains of Trading Company Emissary Ships who have sunk to the bottom of the seas. These Flags are highly valuable to the Reaper's Bones, who wish to see nothing more than the destruction of the Trading Companies and all of their Representatives.

Miscellaneous Treasure[]

These are the Treasure Items that are valuable to most Trading Companies.

Mermaid Gems[]

Main article: Mermaid Gems

Mermaid Gems are the cores of Cursed Mermaid Statues, that are valuable to essentially every Company apart from The Sea Dogs and Athena's Fortune. These Gems can be sold for a set amount of Gold or Reputation to most Trading Company representatives. The Gems can be retrieved from destroying these Cursed Statues, or found separately all around The Sea of Thieves. Destroying Cursed Mermaid Statues and selling Mermaid Gems are also notable feats to the Bilge Rats, who offer Doubloon rewards for acquiring specific Commendations. These Commendations unlock various Cosmetics for purchase.

Siren Gems[]

Main article: Siren Gems

Siren gems are gems that are sold like Mermaid gems, but they can only be obtained either by defeating Sirens and Ocean Crawlers, or by finding them inside Siren Shrines and Siren Treasuries.

Breath of the Sea[]

Main article: Breath of the Sea

Breath of the Seas are a liquidised form of the Mermaid Gems, that are valuable to essentially every Company apart from The Sea Dogs and Athena's Fortune. These Gems can be sold for a set amount of Gold or Reputation to most Trading Company representatives. The Breaths can only be found in a Siren Shrine or a Siren Treasury after collecting a Coral Message in a Bottle for that Shrine or Treasury.

Container Chests[]

Main article: Container Chests

Container Chests are various Treasure Chests that can be opened and filled with up to three small Treasure items. The most common of these are Collector's Chests that can be found all over The Sea of Thieves. Most Container Chests can be sold to Trading Company Representatives for a handful of Gold, but no Reputation.

Box of Wondrous Secrets[]

The Box of Wondrous Secrets is a very Rare Treasure item that can be randomly found on The Devil's Roar Islands. These Chests can be sold to either Grace Morrow at Morrow's Peak Outpost or The Servant of the Flame at The Reaper's Hideout for ~25000 Gold.

Patch history[]

  • 2.5.2 (May 12, 2022)
    • When players attempt to deliver treasure to an incorrect location, the supporting tooltips now clearly display the correct location.
  • 2.4.0 (December 2, 2021)
    • When trying to hand in Treasure not accepted by a particular Trading Company, players will now be redirected to the correct place to hand in the item.
  • 2.0.15 (May 27, 2020)
    • Added Ghost variants of Crates, Skulls, and Treasure Chests.
  • 1.4.4 (March 6, 2019)
    • Floating Treasure - Significantly increased time loot floats for at the water surface before it begins to sink.
  • 1.4.3 (February 6, 2019)
    • Floating Treasure - Significantly increased the speed that treasure floats to the surface after being released in deep water.
    • Treasure onboard a rowboat that is subsequently destroyed while on land can still be collected by players.
  • 1.4.0 (November 28, 2018)
    • Added Mermaid Gems.
    • Treasure Glint - Sunken or floating treasure will now glint to make it easier to spot.
    • Migrated treasure will now sink after the standard duration has expired.
  • 1.3.2 (October 31, 2018)
    • Floating treasure can now be collected after server migration.