The Reaper's Chest has a black lid and can be sould for doubloons. The golden lid chests are Reaper's Bounty and are each worth 25,000 gold. The Reaper’s Chests were added to Sea of Thieves only ...

If players want to sell a Reaper’s Chest now, they must take it to the Masked Stranger on The Reaper’s Hideout located at I12. A Reaper’s Chest looks like a big block of stone.

These Beacons mark a very specific kind of treasure: either as a "Reaper's Chest", which is marked by red and green, or a "Reaper's Bounty", which created the golden lights.