A Dynasty Chest is a piece of Furniture that can be placed and used for public storage, made with 8 Dynasty Wood and 2 Iron or Lead Bars. They can hold a maximum of 40 stacks of items at one time. You can collect empty Chests with a standard pickaxe, while Chests with any items in them are completely unbreakable. Chests can be placed on Wood Platforms.
Like all other chests as of 1.2.3, they can be renamed.