Treasure Bag

The Treasure Bag is a bag of treasure that is found in The Adventure of Link. Its contents give Link experience points, which range from 50 to 500 points, with the 500 point bags being very rare. Occasionally, a bot will jump out of the treasure bag. To obtain the item, Link just needs to hit it with his sword.

Treasure Bags can also be found in specific locations on the World Map as well as in Palaces, but they're usually protected by powerful enemies or in tricky places. Once a Treasure Bag is obtained in the world map or in palaces, they will not appear again. They can also be dropped by enemies, but this happens only in a few occasions. The harder the enemy is determines how much experience the P-Bag will have: for example, a Bot will drop a Treasure Bag containing fewer experience points compared to a Blue Iron Knuckle.

Locations
In total, Link can find 24 Treasure Bags scattered around the overworld and in palaces.