Loot Skull Chests Disappointing
 

It seems that when a Loot Skull Chest drops I'm only getting items which are worth only to be Loot chest items only.

My Last Loot Skull Chest contained no much more than

Common items (max 16 Gold)
10 - 15 Gold
Crude Boots
Wax Doll

And this was at South Idol on Cortola

Welcome to the club, buddy.
It's also sad that there's a five-skull rating and the highest rating possible is only 3. And the loot container is what determines the rating, not the loot itself.
I.E. Pouch = 1/5, Chest = 2/5, Skull Chest = 3/5...

...The point of having a five-star rating if it tells you nothing about the loot you're getting and nothing is higher than three? I don't know. It's pointless, in my opinion.