Gold Chest

The Gold Chest is a Storage item. It is identical to the standard Chest, but it can only be generated on World creation, and can not be crafted. Gold Chests can contain large sums of coins and other items. They are found in the Underground, Cavern, Underground Jungle, on Floating Islands, and in the Dungeon. Dungeon chests are always locked, and require one Golden Key each to open.

Removing all items from a Gold Chest allows it to be freed with a Pickaxe. It can then be placed and used just like a standard Chest, with 40 slots of storage space (again, the same as a standard Chest). They can also be sold to an NPC for 10 (whereas the standard Chest will only sell for 1 ).

Gold Chests are gold-colored and have a sparkle effect, shining when exposed to a light source, similar to Coins.

Underground
It has a relatively low chance of containing a Silt Extractinator (only 5%). Furthermore if it contains a Flare Gun it also contains Flares. The metal it contains depends on what metal can be found in that world.

Cavern
It has a relatively low chance of containing a Lava Charm (only 2.5%) and Silt Extractinator (only 6.5%). Furthermore if it contains a Flare Gun it also contains Flares. The metal it contains depends on what metal can be found in that world.

Floating Island
The rare item in a Floating Island chest is more deterministic than other random chests. The first generated chest will have the first item on the rare item list, the second will have the second item and the third will have the third item. All floating island houses past the first three will then have a random rare item from the list.

Because of their location aboveground, aside from the rare item inside Floating Island chests have the same random loot as surface chests.

Dungeon
Besides the items listed here they have the common items depending on the height they were found: Underground or Caverns. Dungeon chests also require a Golden Key to be opened.