Chest

The Chest is very useful to store your precious items if you run out of inventory space. Contains 8 slots where you can place your weapons (in stacks) inside to keep them safe.
There's also exists a red variant given out to a few players who have lost items. The red variant in the Sandbox Worlds are confirmed to be Public Chests, so anyone can put items in them and take them out
There is also two other types of chests that can only spawn in via the environment: 
Dungeon chests are brilliant gold thaT only appear in the dungeon
Sunken Chests are a deep blue accented by a rusted trim.
Sold from the Carpenter.