When playing standard Descent, a chest that yields "100 gold and 1 treasure" results in each player receiving 100 gold and drawing 1 treasure. Thus, in a game with 4 adventurers, the party would get a total of 400 gold and 4 treasures.

However, when playing Sea of Blood, am I correct that the chest above would only result in a total party recovery of "100 gold and 1 treasure?"

Chests are slightly different. When you open a chest, you roll 4 power dice and that's what you get out of the chest (enhancement is coins, surge is potion and coins, and blank is treasure). You get one "result" per die, not one for each hero per die (i.e. if you roll 2 blanks, you found 2 treasures total, not 2 for each hero).

Note though that treasure piles are the same, i.e. 100 coins for each hero, 400 total for the party.

-shnar