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


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 easier.

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 six types of Treasure Chests: Regular, Barnacled, Coral, 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.
  • 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 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.


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 four 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.
  • Coral Artefacts are coral-encrusted versions of some of the Regular Artefacts that are found only in Siren Shrines And Siren Treasuries.

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 four 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.
  • Coral Skulls are coral-encrusted versions of some of the Regular Skulls that are found only in Siren Shrines And Siren Treasuries.

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.


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.

Merchant Coffers

Main article: Coffers

Merchant Coffers are small coral-encrusted trade good coffers that are found only in Siren Shrines And Siren Treasuries.

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


Main article: Commodities

Commodities are a type of treasure that can be bought and claimed from Merchant Alliance Senior Trader NPCs at Outposts and sold to ones at other outposts. 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.

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

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.


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 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 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

  • 2.8.0 (March 16, 2023)
    • Seagulls will now circle over any Treasure left in the water.
  • 2.7.0 (November 22, 2022)
    • Scenarios where crews are stacking large amounts of treasure on board a ship or decorating an island now have optimised server performance, reducing latency, lag spikes, rubberbanding and server correction during gameplay.
  • 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.