Treasure Chest

The Treasure Chest is a chest. It has a total of 40-50 HP.

Obtaining
It spawns with the Shipwreck event. When the Treasure Chest spawns, the server is notified when the shipwreck spawns with a message on top of the screen, "A old treasure has washed ashore!!".

It can be an collected from a God Rod.

Drops
When destroyed, it can drop Raw Gold, Gold Bars, Gold Coins, and Emeralds (It is known or estimated to drop 2-6 Emeralds). This is also why the chest is sought for (It is one of the only 4 sources to drop emeralds besides the Emerald Chest, Emerald Shelly and Sheldon).

Appearance
It's appearance looks extremely similar to the Essence Chest, an Infinity Chest, or a kind of golden chest. It appears with a Shipwreck, which is a Sailboat with several of its parts unanchored/deleted and only 40 health. It also appears for them both to be on the shore of a island (with certain spawnpoints) where it also touches the Ocean.

History
The Treasure Chest was removed in C1.4, and re-added in C1.6.

After C1.6, there is an expected bug that makes the Treasure Chest noncollectable.

Trivia

 * Probably not made a Meteorite|Meteor so players can't get any lead on where it might spawn, unlike the Meteorite|Meteor where you can spot it in the sky and hear where it lands and see where it might land. Probably due to this being one of the hardest Materials to obtain.
 * The Treasure Chest looks like gold, making some people try to mine it with a pickaxe before realizing that it's really an Axe that you need to mine it.
 * Sometimes the Treasure Chest is slightly above ground.
 * It is usually referred to as "treasure" in-game.
 * Sometimes you will have to get rid of the Shipwreck before being able to reach the chest.