I'm sure some may have had this happen to you so you're off on a voyage for either a chest or a skull and things start off well with you getting either a gold chest or skull, so then you're thinking "great surely the next thing must be equal or better," so you decide to chance it thinking the next chest or skull on you journey will be worth the additional effort, but then it's a castaway chest.
Why am I wasting my time searching for a castaway chest when I already have a captain's chest on board? Maybe it's a seafarer chest which is a little better, but point is not worth the risk. Surely I'd be better off just taking the captain's chest or marauder's chest back and immediately starting a new voyage if I can expect to get one high value chest or skull per voyage. Since reputation is tied to what's turned in you really don't have much reason at all to complete the voyage entirely. Recognizing this as the case I think there are a couple solutions:
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The most obvious and perhaps easy fix is tie the reputation to the actual voyage completion and you only get gold when the chest is turned in.
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More consistent rewards. You always get something equal or better than the last chest or skull on your voyage.
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Rep/Gold Voyage Completion Bonus. You get an additional percentage of gold or rep from chest received from the voyage.