Ah, the humble recon photo, the unsung hero of many a caper.
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The Jeweled Chalice is a Special Loot item found in Sly 2: Band of Thieves. It is a Booby Trapped Loot, so Sly has to bring it back to the Safe House before time runs out. Once at the Safe House it can be sold on ThiefNet for 748 coins. It is found on the top of the light house.