If you are referring to the one in Fable II it is because that was the chest for those that purchased the Limited Edition or played the Flash game when it was available on their website MANY years ago.
I mean the game came out 14 years ago and the code to open the chest was valid for a set time and then they released another method of opening it with the flash game site but both methods were temporary and lasted a couple of years before you couldnt use it anymore.
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