The Festival of Giving (Lore) — Sea of Thieves Walkthrough

Mechanics: Treasure is the primary source of Gold, Doubloons, Reputation, and Emissary Value. Each Trading Company values specific treasure types and has representatives at every Outpost to accept them. Representatives also offer Voyages, which are quests leading to treasure.

Finding Treasure: Besides Voyages, treasure can be found randomly on islands, floating in Barrels of Plenty or shipwrecks, within Fort vaults, or taken by enemies like Skeleton Ships, Megalodons, or the Kraken. Treasure items emit a colored glint for easy spotting.

Carrying Treasure: Treasure must be carried by hand to a Company Representative for a payout. A pirate can only carry one item at a time and cannot use equipment or resources while doing so. Dropping the treasure regains full control. Harpoons can retrieve treasure from afar. Smaller items can be hidden in Container Chests, which hold up to three items and obscure their glow, glint, or sound.

Treasure Lifespan: Treasure left on land remains until interacted with. Treasure dropped in water sinks after approximately 5 minutes, except for Trade Good Crates which float longer.

Emissary Bonus: Sailing as a Trading Company Emissary grants Emissary Grade Reputation when picking up relevant treasure. Additional Reputation is awarded for placing these items on a ship, with increases given only upon the first claim of a treasure item.

Types of Treasure: Treasure items are categorized by the Trading Company that purchases them. The three main companies are the Gold Hoarders, Order of Souls, and Merchant Alliance. Within these, treasures are further classified into Regular, Ashen, Stronghold, Skeletal, and Ghostly variants based on their source.

Gold Hoarders Treasure: Items sold to the Gold Hoarders yield Gold and Reputation, with increased rewards and Emissary Value for Gold Hoarder Emissaries.

Treasure Chests: These are unbreakable, locked chests sold to the Gold Hoarders. They are found via Treasure Maps, Riddle Maps, Ancient Vaults, or randomly. They emit a white glint. Types include Regular, Shipwrecked, Coral (found in Siren Shrines/Treasuries), Ashen (found in The Devil's Roar, double price), Valuable (from specific Encounters), and Cursed (tied to specific locations or effects, very valuable).

Artefacts: Smaller items found independently, within Treasure Chests, or Fortress Vaults. They emit a golden glint. Types include Regular Artefacts (trinkets, containers, ornaments made of valuable metals and gems).