Gold Chest

Gold Chest is an uncraftable item added in the 1.0.5 patch. They are similar to the standard chest, but typically have a larger sum of coins inside them - 75 silver coins in one is not uncommon.

If you remove every item from the chest, you can then use a Hammer to pick it up. They can be placed just like a standard chest, and they have 20 slots of storage space (again, the same as a standard).

As far as appearance goes, they are golden colored and have the same sparkle effect that pockets of ore do.

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you can create gold chest's by placing regular chests on gold bricks with gold background walls and taking off the chests and then placing them on the gold bricks again.

at least it worked for me. has anyone else had that happen??? post your comment.

It is found in caves, floating islands, and the Underworld. (This may be a bug, but it is possible for every chest in the entire world on map generation to spawn as a gold chest.) If a world is spawned before the 1.0.5 patch, you will not find gold chests in said world.

They can also be found in the oceans opposite to dungeons.

There is a glitch in multiplayer where occasionally a player-placed Gold Chest will appear like a regular Wooden Chest to other players.