With the release of the Emissaries and able to gain reputation, the values shown below are not reflective of any emissary level. They are the base values. Take the value of the loot and add the emissary grade modifier below.
Grade 1 : +25%
Grade 2 : +50%
Grade 3 : +75%
Grade 4 : +100%
Grade 5 : +150%
Ashen Castaway Chest
Ashen Seafarer's Chest
Ashen Marauder's Chest
Ashen Captain's Chest
Chest of a Thousand Grogs
Chest of Sorrows
Chest of Rage
Skeleton Captain Chest
Ashen Chest maps can be found from Ashen Guardians, randomly spawned on islands. It will contain 3 items with 1 guaranteed Ashen Tome
Box of Wondrous Secrets
Ashen Keys can be found from Ashen Key Guardians, randomly spawned on islands and a small chance from fishing. A key is required to unlock an Ashen Chest
Appearance of being Drunk when holding the chest
Randomly starts crying and slowly fills the ship with water
Progressively get's hotter and have water thrown onto it
Possible reward for sinking a skeleton ship
Possible reward in the fortress vault
Random chance of finding or digging up in Devil's Roar region.
Can only be turned in to Grace at Morrow's Peak Outpost
A Treasure Chest is used to store up to 3 Artifacts (or similar smaller items). This makes it easier to sell them and hides the items "shine" from other players while in the treasure chest.
Bronze Secret Keeper
Mermaid Gems are unique, as they have a fixed price, but can also be sold to ANY faction. It's recommended to sell them to the faction that you have the least reputation points towards, or your current emissary faction.