The Pirate Code: Unwritten Rules — Sea of Thieves Walkthrough

Finding Treasure: Treasure can be found on Islands, in Shipwrecks, floating in the sea, within Fort Vaults, or dropped by enemies like Skeleton Ships, Megalodons, and the Kraken. Treasure items emit a colored glint or glow, making them visible from a distance.

Carrying Treasure: A single pirate can carry one treasure item at a time. While carrying treasure, you cannot fight or use equipment. You must drop the item to regain full control. Smaller treasures can be placed in Container Chests, which can hold up to 3 items and hide their glow. Treasure can also be retrieved with a Harpoon.

Selling Treasure: Treasure must be carried by hand to the appropriate Trading Company representative at an Outpost to receive Gold, Doubloons, Reputation, and Emissary Value.

Types of Treasure: Treasure items are categorized by the Trading Company they are sold to: Gold Hoarders, Order of Souls, and Merchant Alliance. Within these, they can be Regular, Ashen, Stronghold, or Skeletal/Ghostly variants.

Gold Hoarder Treasure: Includes Treasure Chests (Regular, Shipwrecked, Coral, Ashen, Valuable, Cursed) and Artefacts (Regular, Ashen, Stronghold, Skeletal, Ghostly). Chests emit a white glint, while Artefacts emit a golden glint.

Trade Goods: These are items like Bananas, Cannonballs, and Gunpowder Kegs, which are sold to the Merchant Alliance.

Order of Souls Treasure: Primarily includes Bounty Skulls and Cursed Captain Skulls, which emit a purple glint.

Emissary Value: Sailing as a Trading Company Emissary grants bonus Reputation and Emissary Value when selling relevant treasure.