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{{infobox
 
{{infobox
| image = Captain's Chest.png
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| image = Ach Shopping for a Promotion.jpg
 
| type = Transportable Items
 
| type = Transportable Items
 
| related = Trading Companies}}
 
| related = Trading Companies}}
 
{{tocright}}
 
{{tocright}}
'''Treasure''' Items are [[Transportable Items]] that can be found, carried, and sold to [[Trading Companies]] in exchange for [[Gold]] and [[Reputation]] or [[Doubloons]].
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'''Treasure''' Items are [[Transportable Items]] that can be found, carried, and sold to [[Trading Companies]] in exchange for [[Gold]]/[[Doubloons]], [[Reputation]] and [[Emissary Value]].
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== Mechanics ==
 
== Mechanics ==
Treasure is the main source of [[Gold]] and [[Reputation]] in [[Sea of Thieves]]. Each [[Trading Company]] values certain types of Treasure Items and has Representatives at each [[Outpost]] or [[Seapost]] who sell [[Voyages]] to Pirates so they can go find these Treasures and deliver them to the Representatives for pay and an increase in Reputation.
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Treasure is the main source of [[Gold]], [[Reputation]] and [[Emissary Value]] in [[Sea of Thieves]]. Each [[Trading Company]] values certain types of Treasure Items and mostly have Representatives at every [[Outpost]]. These Representatives accept all Treasure related to their Company for [[Gold]], [[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 Seas, 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 coloured glint or glow surrounding it so that Players can spot them from afar.
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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 Seas, 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 their type from afar.
   
 
Every Treasure item has to be carried by hand to the respective [[Company]] Representatives to receive a payout for them. 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 meanwhile. 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 every smaller Treasure Item 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 more efficient.
 
Every Treasure item has to be carried by hand to the respective [[Company]] Representatives to receive a payout for them. 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 meanwhile. 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 every smaller Treasure Item 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 more efficient.
   
 
Any Treasure that has been picked up and left on land will stay there for as long as possible, however any Treasure item dropped in water will sink after about 5 minutes of floating.
 
Any Treasure that has been picked up and left on land will stay there for as long as possible, however any Treasure item dropped in water will sink after about 5 minutes of floating.
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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 ==
 
== Types of Treasure Items ==
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Treasure items are categorised by the [[Trading Company]] that wishes to purchase them for [[Currencies]] and [[Reputation]] (and [[Emissary Value]] if sailing as [[Trading Company Emissaries]]).
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Within the three main companies: [[Gold Hoarders]], [[Order of Souls]] and [[Merchant Alliance]], Treasure Items are also categorised into Regular, [[Devil's Roar]] or Ashen, Stronghold or Skeletal and Ghostly variants depending on the main source of the Treasure Items..
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<br />
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=== Gold Hoarders Treasure ===
 
=== Gold Hoarders Treasure ===
The following are the Treasure Items that can be sold to the [[Gold Hoarders]] Trading Company Hoarders on any [[Outpost]] for [[Gold]] and [[Reputation]].
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The following are the Treasure Items that can be sold to the [[Gold Hoarders]] Trading Company Hoarders on any [[Outpost]] for [[Gold]] and [[Reputation]]. These Items yield increased Reward and Rep, as well as [[Emissary Value]] when sold to the Representatives as [[Gold Hoarder Emissaries]].
 
==== Treasure Chests ====
 
==== Treasure Chests ====
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{{main|Treasure Chest}}
[[Treasure Chests]] are unbreakable and locked Chests of Treasure that are sold to the [[Gold Hoarders]] who have the Keys to these Chests. Treasure Chests can be found as a part of [[Gold Hoarder Voyages]] or randomly across [[The Sea of Thieves]]. Treasure Chests emit a White Glint from a distance.
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Treasure Chests are unbreakable and locked Chests of Treasure that are sold to the [[Gold Hoarders]], who have the Keys to open these Chests, for a margin of their contents. Moreover, Treasure Chests can be found as a part of [[Gold Hoarder Voyages]], [[Treasure Maps]] and [[Riddle Maps]], or randomly across [[The Sea of Thieves]]. Treasure Chests emit a White Glint from a distance.
There are four types of Treasure Chests: Regular, Barnacled, Ashen and Special Treasure Chests:
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There are five types of Treasure Chests: Regular, Barnacled, Ashen, Valuable and Cursed Treasure Chests:
* Regular Treasure Chests look perfectly normal.
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* Regular Treasure Chests have no distinct qualities to them.
* Barnacled or Shipwrecked Treasure Chests are damaged versions of regular Treasure Chests that can be usually found underwater or on the seas. These sell for the same amount as their regular counterparts.
 
* Ashen Treasure Chests are fire-covered versions of regular Treasure Chests. These are most commonly found in [[The Devil's Roar]] and can be sold for almost double the price of their regular counterparts.
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* Barnacled or [[Shipwrecked Treasure Chests]] are damaged versions of regular Treasure Chests that can be usually found underwater or on the seas. These sell for the same amount as their regular counterparts.
 
* [[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 almost double the price of their regular counterparts.
* Cursed Treasure Chests are tied to specific Locations or have specific Effects tied to them and are generally very valuable.
 
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* [[Valuable Chests]] that are specific to various [[Encounters]] on the seas
 
* [[Cursed Treasure Chests]] are tied to specific Locations or have specific Effects tied to them and are generally very valuable.
   
 
==== Artefacts ====
 
==== Artefacts ====
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{{main|Artefacts}}
[[Artefacts]] are smaller Trinkets that can be found either on their own, or hidden away in [[Collector's Chests]] that can be found around [[The Sea of Thieves]] or acquired through [[Riddle Maps]]. These Trinkets can only be sold to the [[Gold Hoarders]].
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Artefacts are smaller Trinkets that can be found either on their own, or hidden away in [[Collector's Chests]] that can be found around [[The Sea of Thieves]] or acquired through [[Riddle Maps]]. These Trinkets can only be sold to the [[Gold Hoarders]], or at the [[Reaper’s Hideout]].
 
There are three types of Artefacts:
 
There are three types of Artefacts:
 
* Regular Artefacts are a selection of small Containers, Boxes or Ornaments made out of valuable metals and gems. These Trinkets emit a Golden Glint from a distance. They share their pricing tiers with [[Treasure Chests]].
 
* Regular Artefacts are a selection of small Containers, Boxes or Ornaments made out of valuable metals and gems. These Trinkets emit a Golden Glint from a distance. They share their pricing tiers with [[Treasure Chests]].
* [[Devil's Roar]] Artefacts, which have an Orange Glint to them and are covered in the red hot gems of the Roar. Generally more valuable than regular versions.
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* [[Devil's Roar Artefacts]], which have an Orange Glint to them and are covered in the red hot gems of the Roar. Generally more valuable than regular versions.
 
* [[Ashen Artefacts]], which are found as a part of [[The Seabound Soul]] Tall Tale. These look almost exactly the same as Devil's Roar Artefacts, except they sell for very little.
 
* [[Ashen Artefacts]], which are found as a part of [[The Seabound Soul]] Tall Tale. These look almost exactly the same as Devil's Roar Artefacts, except they sell for very little.
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==== Treasure Vault Keys ====
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{{main|Treasure Vault Keys}}
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Treasure Vault Keys are small Totems that lead and open [[Gold Hoarders Treasure Vaults]] hidden away on [[Large Islands]]. These Keys can be acquired through [[Wayfinder Voyages]] offered by [[Gold Hoarders]]. There are 5 types of Totem keys, each appearing in 3 different materials - Stone, Silver and Gold. The Totem of the key determines the location of the Vault, the material of the Key determines the value of the Key and the loot in the Vault, as well as the difficulty of the Vault.
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* [[Stone Treasure Vault Keys]]
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* [[Silver Treasure Vault Keys]]
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* [[Gold Treasure Vault Keys]]
   
 
=== Magical Items of the Order of Souls ===
 
=== Magical Items of the Order of Souls ===
The following are the Treasure Items that can be sold to the [[Order of Souls]] Trading Company Mystics on any [[Outpost]] for [[Gold]] and [[Reputation]].
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The following are the Treasure Items that can be sold to the [[Order of Souls]] Trading Company Mystics on any [[Outpost]] for [[Gold]] and [[Reputation]]. These Items yield increased Reward and Rep, as well as [[Emissary Value]] when sold to the Representatives as [[Order of Souls Emissaries]].
 
==== Bounty Skulls ====
 
==== Bounty Skulls ====
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{{main|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, or wandering around on [[Islands]] solo. The Skulls can also be found all over [[The Sea of Thieves]].
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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]] solo. Their Skulls can also be found littered all over [[The Sea of Thieves]].
 
There are three types of Bounty Skulls:
 
There are three types of Bounty Skulls:
* Regular Bounty Skulls, which have a dominant green glow to them.
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* Cursed Skulls that have a dominant green glow to them.
* Ashen variants of the Regular Skulls, which have additional lines of hot fire imprinted on them. They sell for roughly twice the amount of their regular counterparts.
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* [[Ashen Bounty Skulls]] are variants of the Regular Skulls, which have additional lines of hot fire imprinted on them. They sell for roughly twice the amount of their regular counterparts.
* Special Skulls that are only received from specific Locations or from specific Skeletal Enemies and are generally more valuable.
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* Powerful Skulls that are only received from specific Locations or from specific Skeletal Enemies and are generally more valuable.
   
 
==== Dark Relics (Legacy) ====
 
==== Dark Relics (Legacy) ====
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{{main|Dark Relics}}
[[Dark Relics]] were various Relics 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
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Dark Relics were various Relics 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 (Content Update)|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 Seas.
 
[[Dark Relics (Content Update)|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 Seas.
   
 
=== Merchant Alliance Goods ===
 
=== Merchant Alliance Goods ===
The following are the Treasure Items that can be sold to the [[Merchant Alliance]] Trading Company Traders 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]].
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The following are the Treasure Items that can be sold to the [[Merchant Alliance]] Trading Company Traders 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 Rep, as well as [[Emissary Value]] when sold to the Representatives as [[Merchant Alliance Emissaries]].
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==== Captured Animals ====
 
==== Captured Animals ====
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{{main|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 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:
 
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 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:
 
* [[Chicken|Chickens]], who are tame, slow and easy to capture.
 
* [[Chicken|Chickens]], who are tame, slow and easy to capture.
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* [[Pigs]], who are active, quick and become hungry if not fed with [[Food]] every now and then.
 
* [[Pigs]], who are active, quick and become hungry if not fed with [[Food]] every now and then.
   
==== Gunpowder Barrels ====
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==== Explosives ====
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{{main|Explosives}}
 
[[Gunpowder Barrels]] are explosives that can either be used to blow up [[Ships]] and [[Enemies]], set [[Fires]] or be sold to any [[Merchant Alliance]] Traders instead. Without a Commission, Gunpowder Kegs don't sell for very much, but every now and then, Players may find [[Merchant Voyages]] with a deadline, requesting Kegs aside the usual Animals, in which case they are willing to pay ten times the regular amount for regular Kegs. Gunpowder Barrel requisitions can also be found from single [[Trade Good Commissions]] from around the Seas. Gunpowder Barrels can generally be found on [[Fortress]] Islands or among [[Barrels of Plenty]] or [[Shipwrecks]]. These can also be retrieved from [[Gunpowder Skeletons]].
 
[[Gunpowder Barrels]] are explosives that can either be used to blow up [[Ships]] and [[Enemies]], set [[Fires]] or be sold to any [[Merchant Alliance]] Traders instead. Without a Commission, Gunpowder Kegs don't sell for very much, but every now and then, Players may find [[Merchant Voyages]] with a deadline, requesting Kegs aside the usual Animals, in which case they are willing to pay ten times the regular amount for regular Kegs. Gunpowder Barrel requisitions can also be found from single [[Trade Good Commissions]] from around the Seas. Gunpowder Barrels can generally be found on [[Fortress]] Islands or among [[Barrels of Plenty]] or [[Shipwrecks]]. These can also be retrieved from [[Gunpowder Skeletons]].
 
There are currently two types of Gunpowder Barrels:
 
There are currently two types of Gunpowder Barrels:
* Regular small and red Barrels, very common around the Seas.
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* Regular [[Gunpowder Barrels]] - small and red Barrels, very common around the Seas.
* [[Stronghold Gunpowder Barrels]], a larger, more explosive, yet also more valuable Keg that can be found inside [[Fortress Vaults]] or sometimes held by strong [[Skeletons]]. These do not get a price increase when sold for a commission.
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* [[Stronghold Gunpowder Barrels]] - a larger, more explosive, yet also more valuable Keg that can be found inside [[Fortress Vaults]] or sometimes held by strong [[Skeletons]]. These do not get a price increase when sold for a commission.
   
 
==== Resource Crates ====
 
==== Resource Crates ====
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{{main|Resource Crates}}
[[Resource Crates]] are Crates that are filled with or have to be filled with specific [[Resource]] Items. These can either be found on the Seas, or obtained from [[Merchant Alliance]] Representatives when a [[Trade Good Commission]] for one is found. The Commissions have deadlines. 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:
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Resource Crates are Crates that are filled with or have to be filled with specific [[Resource]] Items. These can either be found on the Seas, or obtained from [[Merchant Alliance]] Representatives when a [[Trade Good Commission]] for one is found. The Commissions have deadlines. 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:
 
* [[Wood Crate]], which can hold up to 50 [[Wooden Planks]]. Requisitions for Wood Crates seem to be quite rare.
 
* [[Wood Crate]], which can hold up to 50 [[Wooden Planks]]. Requisitions for Wood Crates seem to be quite rare.
 
* [[Cannonball Crate]], which can hold up to 50 [[Cannonballs]]. Cannot carry [[Cursed Cannonballs]] or [[Throwables]].
 
* [[Cannonball Crate]], which can hold up to 50 [[Cannonballs]]. Cannot carry [[Cursed Cannonballs]] or [[Throwables]].
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==== Trade Good Crates ====
 
==== Trade Good Crates ====
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{{main|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. These Crates do not have delivery deadlines, commissions, [[Commendations]] nor any specific [[Voyages]] 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:
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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. These Crates do not have delivery deadlines, commissions, [[Commendations]] nor any specific [[Voyages]] 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 Crates of your valuable Trade Goods, available all over the seas.
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* Regular colored Crates of your valuable Trade Goods, available all over the seas.
* Goods from [[The Devil's Roar]] that still burn with embers that are more likely to spawn in the Roar.
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* Goods from [[The Devil's Roar]], closed in darker-shade crates that still burn with embers that 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 Crate.
 
* The [[Crate of Ancient Bone Dust]], which only appears in [[Fortress Vaults]] and is the most valuable Crate.
   
 
==== Cargo Crates ====
 
==== Cargo Crates ====
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{{main|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]]. 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):
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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]]. 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 start rotting.
 
* [[Crate of Luxurious Cloth]] - These Crates of intricately woven Cloth require to be kept away from any sources of Water, or they will start rotting.
 
* [[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.
 
* [[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.
 
* [[Crate of Plants]] - These Crates of sensitive Plants have to be Watered every now and then to stop them from wilting.
 
* [[Crate of Plants]] - These Crates of sensitive Plants have to be Watered every now and then to stop them from wilting.
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==== Merchant Manifest ====
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{{main|Merchant Manifest}}
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* [[Prosperous Merchant Manifest]]
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* [[Esteemed Merchant Manifest]]
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* [[Eminent Merchant Manifest]]
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* [[Revered Merchant Manifest]]
   
 
=== Sea Dogs Treasure ===
 
=== Sea Dogs Treasure ===
 
The following are the Treasure items valuable only to the [[Sea Dogs]] Company, who organise the competitive [[Arena]] Game Mode at [[The Glorious Sea Dog Tavern]].
 
The following are the Treasure items valuable only to the [[Sea Dogs]] Company, who organise the competitive [[Arena]] Game Mode at [[The Glorious Sea Dog Tavern]].
==== Sea Dog Chests ====
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==== Glorious Sea Dog Chests ====
[[Sea Dog Chests]] are exclusive to [[The Arena]] Game Mode and are currently the only type of Treasure valuable to the [[Sea Dogs]]. Technically, Sea Dog Chests are identical to any [[Treasure Chests]] in [[Adventure Mode]], but they can only be dug up, found and sold during Arena matches for [[Silver]], which is a special [[Currency]] that acts as a point counter for Arena matches. Sea Dog Chests do not reward players with [[Gold]], nor [[Reputation]] (unless specific [[Commendations]] related to the chests are completed). Instead, players will earn increasing amounts of Gold and Reputation for placements in a single Arena match.
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[[Glorious Sea Dog Chests]] are exclusive to [[The Arena]] Game Mode and are currently the only type of Treasure valuable to the [[Sea Dogs]]. These Chests act similarly to a [[Reaper's Chest]] in that they are always visible on the [[Map Table]] and are accompanied by a Purple Light Beacon. These Chests are dug up and sold for [[Silver]], which is a special [[Currency]] that acts as a point counter for Arena matches. Sea Dog Chests do not reward players with [[Gold]], nor [[Reputation]] (unless specific [[Commendations]] related to the chests are completed). Instead, players will earn increasing amounts of Gold and Reputation for placements in a single Arena match.
   
 
=== The Hunter's Call Food and Plunder ===
 
=== The Hunter's Call Food and Plunder ===
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===== Meats =====
 
===== Meats =====
The second Food Commodity that [[The Hunter's Call]] value are [[Meat]] gathered from defeated [[Animals]] or Beasts, such as [[Megalodons]] or the [[Kraken]]. These Meats cannot be sold Raw and need to be [[Cooking|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:
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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 [[Cooking|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:
* [[Pig]] Meat, received from killing Pigs.
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* [[Pork]], received from killing [[Pig]]s.
* [[Snake]] Meat, received from killing Snakes.
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* [[Snake (meat)|Snake]], received from killing [[Snake]]s.
*[[Shark]] Meat, received from killing Sharks.
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* [[Shark (meat)|Shark]], received from killing [[Shark]]s.
* [[Chicken]] Meat, received from killing Chicken.
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* [[Chicken (meat)|Chicken]], received from killing [[Chicken]]s.
* [[Megalodon]] Meat, received from killing Megalodons, worth significantly more than regular Meat.
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* [[Megalodon (meat)|Megalodon]], received from killing [[Megalodon]]s, worth significantly more than regular Meat.
* [[Kraken]] Meat, received from killing Kraken Tentacles, worth significantly more than regular Meat.
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* [[Kraken (meat)|Kraken]], received from killing [[Kraken]] Tentacles, worth significantly more than regular Meat.
   
 
===== Treacherous Plunder =====
 
===== Treacherous Plunder =====
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=== Athena's Fortune Treasure ===
 
=== Athena's Fortune Treasure ===
 
{{main|Athena's Treasure}}
The following are the Treasure Items that can be sold to the Legendary [[Athena's Fortune]] Trading Company, who are represented by the [[Mysterious Stranger]] at every [[Tavern]].
 
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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 Rep, 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]].
==== Chests of Legends ====
 
Chests of Legends are Legendary Treasure that are very valuable to the [[Athena's Fortune]] Company, who will offer large sums of [[Gold]] and [[Reputation]] for any turned-in Chests. These Chests are essentially [[Treasure Chests]], with the only difference being the Company that they are sold to. Chests of Legends can be found through [[Athena's Fortune Voyages]] that require the players to complete various [[Quests]] for other Companies, before finding the final Map with the buried Chest. They can also be found as a reward for completing a [[Fort of the Damned (Raid)| Fort of the Damned Raid]]. There are two types of Chests of Legends:
 
 
* [[Chest of Legends]] - The regular version, found from regular Athena Voyages and from the Vaults below the [[Fort of the Damned]].
 
* [[Chest of Legends]] - The regular version, found from regular Athena Voyages and from the Vaults below the [[Fort of the Damned]].
* [[Ashen Chest of Legends]] - The [[Devil's Roar]] variant, that is rewarded for Athena Voyages in the Roar. These are worth 1,5 times as much as regular Chests.
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* [[Ashen Chest of Legends]] - The [[Devil's Roar]] variant, that is rewarded for Athena Voyages in the Roar. These are worth 1.5 times as much as regular Chests.
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* [[Chalice of Ancient Fortune]] - A legendary Trinket of small value
 
 
* [[Gilded Relic of Ancient Fortune]] - A legendary Trinket of high value
==== Athena's Run Treasure ====
 
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* [[Skull of Ancient Fortune]] - A legendary Bounty Skull of small value
With the introduction of [[Athena’s Run of Thieves’ Haven]], [[Pirate Legends]] can dig up 6 new [[Athena's Treasure]], which are Legendary versions of other Treasure items:
 
* [[Chalice of Ancient Fortune]]
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* [[Villainous Skull of Ancient Fortune]] - A legendary Bounty Skull of high value
* [[Crate of Legendary Voyages]]
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* [[Crate of Legendary Voyages]] - A legendary Trade Good Crate of small value
* [[Skull of Ancient Fortune]]
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* [[Keg of Ancient Black Powder]] - A legendary Stronghold Keg of high value
* [[Gilded Relic of Ancient Fortune]]
 
* [[Villainous Skull of Ancient Fortune]]
 
* [[Keg of Ancient Black Powder]]
 
   
 
=== Bilge Rats Valuables ===
 
=== Bilge Rats Valuables ===
 
{{main|Bilge Rats Treasure}}
 
{{main|Bilge Rats Treasure}}
The following are Treasure Items that are only valuable to the [[Bilge Rats]] Company, who have a representative in each [[Tavern]]. These Valuables are related to various [[Bilge Rat Adventures]] and are sold for [[Doubloons]] (and [[Commendations]]) instead of [[Gold]].
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The following are Treasure Items that are valuable to the [[Bilge Rats]] Company, who have a representative in each [[Tavern]]. These Valuables are related to various [[Bilge Rat Adventures]] and are sold for [[Doubloons]] (and [[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]].
==== Reaper's Chests & Reaper's Bounties ====
 
[[Reaper’s Chests]] and [[Reaper's Bounty]] 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. These Chests bear the [[Reaper’s Mark]], which always shows the location of the Chest on every [[Map Table]]. They are worth 25 [[Doubloons]] or 10000 [[Gold]] when sold to the [[Bilge Rats]].
 
   
 
==== Ritual Skulls ====
 
==== Ritual Skulls ====
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==== Rag & Bone Crates ====
 
==== Rag & Bone Crates ====
[[Rag & Bone Crates]] were mainly found and delivered during the [[Smuggler’s Fortune]], delivered for the [[Bilge Rats]] to certain [[Seaposts]] for 5 [[Doubloons]] on time, or 250 [[Gold]] when late. Only the [[Rag & Bone Crates#White Rag & Bone Crate|White Crate]] can be found washed up on the shores of [[Islands]].
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[[Rag & Bone Crates]] were mainly found and delivered during the [[Smuggler’s Fortune]], delivered for the [[Bilge Rats]] to certain [[Seaposts]] for 5 [[Doubloons]] on time, or 2500 [[Gold]] when late. Only the [[Rag & Bone Crates#White Rag & Bone Crate|White Crate]] can be found washed up on the shores of [[Islands]].
   
 
==== Ashen Treasures ====
 
==== Ashen Treasures ====
 
[[Ashen Treasures]] are a group of Items found by defeating special [[Skeleton Captains]], called [[Ashen Key Masters]] and [[Ashen Guardians]] who drop [[Ashen Keys]] and [[Ashen Chests]] respectively. The Chests and Keys can be sold individually to the [[Bilge Rats]] for [[Doubloons]] (and [[Commendations]]), however when used in combination, the Chests 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]].
 
[[Ashen Treasures]] are a group of Items found by defeating special [[Skeleton Captains]], called [[Ashen Key Masters]] and [[Ashen Guardians]] who drop [[Ashen Keys]] and [[Ashen Chests]] respectively. The Chests and Keys can be sold individually to the [[Bilge Rats]] for [[Doubloons]] (and [[Commendations]]), however when used in combination, the Chests 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]].
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=== Reaper's Bones Pilfered Items ===
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{{main|Reaper's Bones Treasure}}
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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.
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==== 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 ====
 
==== Gifts ====
[[Gifts]] are small packages, the contents of which are a mystery, however they are still valuable to the [[Masked Stranger]] who is willing to pay [[Doubloons]] for these Gifts at [[The Reaper's Hideout]].
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[[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]].
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Gifts can be found from [[Skeleton's Orders]] Maps dropped by [[Skeleton Lords]] at [[Skeleton Forts]] and randomly beached on the shorelines of [[Islands]] and [[Forts]].
 
  +
==== Broken Emissary Flags ====
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[[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 ===
 
=== Miscellaneous Treasure ===
 
These are the Treasure Items that are valuable to most [[Trading Companies]].
 
These are the Treasure Items that are valuable to most [[Trading Companies]].
 
==== Mermaid Gems ====
 
==== Mermaid Gems ====
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{{main|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.
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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.
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==== Container Chests ====
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{{main|Container Chests}}
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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.
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==== Box of Wondrous Secrets ====
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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]] or [[The Servant of the Flame]] at [[The Reaper's Hideout]] for ~25000 [[Gold]].
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Revision as of 18:39, 7 April 2021

Treasure
Ach Shopping for a Promotion
Details
Type Transportable Items
Related Trading Companies

Treasure Items are Transportable Items that can be found, carried, and sold to Trading Companies in exchange for Gold/Doubloons, Reputation and Emissary Value.

Mechanics

Treasure is the main source of Gold, Reputation and Emissary Value in Sea of Thieves. Each Trading Company values certain types of Treasure Items and mostly have Representatives at every Outpost. These Representatives accept all Treasure related to their Company for Gold, 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 Seas, 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 their type from afar.

Every Treasure item has to be carried by hand to the respective Company Representatives to receive a payout for them. 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 meanwhile. 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 every smaller Treasure Item 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 more efficient.

Any Treasure that has been picked up and left on land will stay there for as long as possible, however any Treasure item dropped in water will sink after about 5 minutes of floating.

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 Trading Company Emissaries). Within the three main companies: Gold Hoarders, Order of Souls and Merchant Alliance, Treasure Items are also categorised into Regular, Devil's Roar or Ashen, Stronghold or Skeletal and Ghostly variants depending on the main source of the Treasure Items..


Gold Hoarders Treasure

The following are the Treasure Items that can be sold to the Gold Hoarders Trading Company Hoarders on any Outpost for Gold and Reputation. These Items yield increased Reward and Rep, 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 of Treasure that are sold to the Gold Hoarders, who have the Keys to open these Chests, for a margin of their contents. Moreover, Treasure Chests can be found as a part of Gold Hoarder Voyages, Treasure Maps and Riddle Maps, or randomly across The Sea of Thieves. Treasure Chests emit a White Glint from a distance. There are five types of Treasure Chests: Regular, Barnacled, Ashen, Valuable and Cursed Treasure Chests:

  • Regular Treasure Chests have no distinct qualities to them.
  • Barnacled or Shipwrecked Treasure Chests are damaged versions of regular Treasure Chests that can be usually found underwater or on the seas. These sell for the same amount as their regular counterparts.
  • 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 almost double the price of their regular counterparts.
  • Valuable Chests that are specific to various Encounters on the seas
  • Cursed Treasure Chests are tied to specific Locations or have specific Effects tied to them and are generally very valuable.

Artefacts

Main article: Artefacts

Artefacts are smaller Trinkets that can be found either on their own, or hidden away in Collector's Chests that can be found around The Sea of Thieves or acquired through Riddle Maps. These Trinkets can only be sold to the Gold Hoarders, or at the Reaper’s Hideout. There are three types of Artefacts:

  • Regular Artefacts are a selection of small Containers, Boxes or Ornaments made out of valuable metals and gems. These Trinkets emit a Golden Glint from a distance. They share their pricing tiers with Treasure Chests.
  • Devil's Roar Artefacts, which have an Orange Glint to them and are covered in the red hot gems of the Roar. Generally more valuable than regular versions.
  • Ashen Artefacts, which are found as a part of The Seabound Soul Tall Tale. These look almost exactly the same as Devil's Roar Artefacts, except they sell for very little.

Treasure Vault Keys

Main article: Treasure Vault Keys

Treasure Vault Keys are small Totems that lead and open Gold Hoarders Treasure Vaults hidden away on Large Islands. These Keys can be acquired through Wayfinder Voyages offered by Gold Hoarders. There are 5 types of Totem keys, each appearing in 3 different materials - Stone, Silver and Gold. The Totem of the key determines the location of the Vault, the material of the Key determines the value of the Key and the loot in the Vault, as well as 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 Mystics on any Outpost for Gold and Reputation. These Items yield increased Reward and Rep, 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 solo. Their Skulls can also be found littered all over The Sea of Thieves. There are three types of Bounty Skulls:

  • Cursed Skulls that have a dominant green glow to them.
  • Ashen Bounty Skulls are variants of the Regular Skulls, which have additional lines of hot fire imprinted on them. They sell for roughly twice the amount of their regular counterparts.
  • Powerful Skulls that are only received from specific Locations or from specific Skeletal Enemies and are generally more valuable.

Dark Relics (Legacy)

Main article: Dark Relics

Dark Relics were various Relics 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 Seas.

Merchant Alliance Goods

The following are the Treasure Items that can be sold to the Merchant Alliance Trading Company Traders 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 Rep, 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 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, who are tame, slow and easy to capture.
  • Snakes, who are wild and can poison the Player, but can be calmed with Instruments
  • Pigs, who are active, quick and become hungry if not fed with Food every now and then.

Explosives

Main article: Explosives

Gunpowder Barrels are explosives that can either be used to blow up Ships and Enemies, set Fires or be sold to any Merchant Alliance Traders instead. Without a Commission, Gunpowder Kegs don't sell for very much, but every now and then, Players may find Merchant Voyages with a deadline, requesting Kegs aside the usual Animals, in which case they are willing to pay ten times the regular amount for regular Kegs. Gunpowder Barrel requisitions can also be found from single Trade Good Commissions from around the Seas. Gunpowder Barrels can generally be found on Fortress Islands or among Barrels of Plenty or Shipwrecks. These 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 have to be filled with specific Resource Items. These can either be found on the Seas, or obtained from Merchant Alliance Representatives when a Trade Good Commission for one is found. The Commissions have deadlines. 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. These Crates do not have delivery deadlines, commissions, Commendations nor any specific Voyages 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 your valuable Trade Goods, available all over the seas.
  • Goods from The Devil's Roar, closed in darker-shade crates that still burn with embers that 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 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. 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 start rotting.
  • 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.
  • Crate of Plants - These Crates of sensitive Plants have to be Watered every now and then to stop them from wilting.

Merchant Manifest

Main article: Merchant Manifest

Sea Dogs Treasure

The following are the Treasure items valuable only to the Sea Dogs Company, who organise the competitive Arena Game Mode at The Glorious Sea Dog Tavern.

Glorious Sea Dog Chests

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

Food

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.

Fish

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:

Meats

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 Rep, 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.

Bilge Rats Valuables

Main article: Bilge Rats Treasure

The following are Treasure Items that are valuable to the Bilge Rats Company, who have a representative in each Tavern. These Valuables are related to various Bilge Rat Adventures and are sold for Doubloons (and 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.

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 take them off you for 10 Doubloons. These Skulls are tied to the Fort of the Damned Bilge Rat Adventures and are used for Rituals to start the Raid Encounter at the Fort. The Skulls can be found from Ashen Chests and Ashen 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, delivered for the Bilge Rats to certain Seaposts for 5 Doubloons on time, or 2500 Gold when late. Only the White Crate can be found washed up on the shores of Islands.

Ashen Treasures

Ashen Treasures are a group of Items found by defeating special Skeleton Captains, called Ashen Key Masters and Ashen Guardians who drop Ashen Keys and Ashen Chests respectively. The Chests and Keys can be sold individually to the Bilge Rats for Doubloons (and Commendations), however when used in combination, the Chests 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

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.

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 or The Servant of the Flame at The Reaper's Hideout for ~25000 Gold.