Hidden inside a barrel stack at the southern wharf of Trader's Bay. Look behind the Blacksmith's shop.
Trader's Bay southern wharf, behind the Blacksmith's shop at coordinates E3-S5. The barrel is at the bottom of a stack of 6 barrels.
Blacksmith chimney (smoke is visible at dawn), anchor pile nearby
Stealth only (no combat). Steal while guards patrol.
Map 3 (next) + Tumbaga Ingot ×3 + 1,200 Piastre
Map 3 leads to Forgotten Isle. Coordinates H6-N9, requires Explorer perk.