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The Treasure hunter perk reads:

Treasure hunter - 50% greater chance of finding special treasure

What is "special treasure" and does 50% actually make a big difference? Is it 50% of 0.01% to find a special item off of a mob?

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Where on the skill map can I find this perk? – spugsley Nov 15 '11 at 17:26
@spugsley in the Lockpicking skill tree – theorise Nov 15 '11 at 17:30
Regarding your "50% of 0.01%" comment. With 0.01%, you'd expect to find a special treasure in 1 out of 10,000 chests. With 0.015%, you'd expect to find a special treasure in 1 out of 6667 chests. – Arkive Nov 16 '11 at 20:08
up vote 10 down vote accepted

Special Treasure means enchanted items. (Pretty much any items with magical properties)
I've tested around with this, and yes there is quite a difference but only from chests. Haven't noticed any difference on mobs. Normally you get to loot what the NPC is wearing and holding. I don't believe that they randomly generate loot when they die.

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