Phoenix was the one to go open the chest, and the loot window opened for everyone. Inside the chest were many things.
Leaper's Halberd
gold pieces x 1400
Lieutenant's Insignia
Amulet of Jumping
Potion of Water Breathing x 6
Orb of the Grippli
Berserker's Dagger
After looking at the list, two things were an easy split. Every party member received two hundred gold and one potion of water breathing.
Phoenix then held on to the Insignia, since the description said it was the key to the next stage. The halberd went to Astaroth, since he was the only one who could use it.
No one wanted the dagger, so they agreed to sell it and split the money. Athena asked to have the amulet of jumping, and no one objected, so it went to her.
The last item was the one that had the entire party perplexed. It wasn't equipment and under the description part, only three question marks were noted.