Peddler's Hat

The Peddler's Hat is a Vanity item that drops from the Traveling Merchant if he is killed. It appears identical to the hat that the Traveling Merchant wears.

If thrown into a pool of Shimmer, it will transform into the Peddler's Satchel, which grants a permanent boost to the amount of items the Traveling Merchant sells at any given time.

Tips

 * You can easily receive one by drowning (or otherwise killing) the Traveling Merchant.

Trivia

 * The Clothier also drops his hat, the Red Hat when he dies. Unlike the Clothier, wearing the Peddler's Hat will not cause the Traveling Merchant to display different dialog.