Exploring Persona 5 treasure demon locations helps you secure high-value negotiation items and rare equipment without random grinding. This guide maps out the key areas where lucrative demons appear and how to manage encounters efficiently.
Use the table below for a quick overview of where to find specific treasure demons, their sell values, best negotiation tactics, and level scaling behavior across Palace visits.
| Treasure Demon | Common Location | Base Sell Value (¥) | Best Negotiation Approach |
|---|---|---|---|
| Otoroshi | Shido's Palace, Mementos | 8,000 | Diamond Rank for profit boost |
| Kelpie | Kagutsuchi Depths, Mementos | 12,000 | Demand item, threaten blackmail |
| Kaisatori | Okumura's Palace, Chopping Block area | 20,000 | Wait for Diamond, use Accessories skill |
| Sleipnir | Yaldabaoth Throne Room, Mementos | 50,000 | Full Diamond Rank essential |
| High Pixie | Mementos Lower Zone, random floors | 1,800 | Build Negotiation rank steadily |
Treasure Demon Spawns by Palace Area
Shido's Palace – Security Corridor
In Shido's Palace, treasure demons such as Pixie and Imp appear on the Security Corridor floors. They are ideal for learning negotiation mechanics because they are weak and unlikely to one-shot your party.
Okumura's Palace – Kitchen and Chopping Block
Kelpie and Pixie show up in the Kitchen and Chopping Block areas. These locations become available mid-game, and the demons here start dropping useful crafting materials alongside cash.
Mementos – Kagutsuchi and Lower Zones
Deeper zones of Mementos host higher-value treasure demons like Otoroshi and Kelpie. Bring demons with high magic stats to exploit their weaknesses and secure rare drops.
Optimal Leveling for Treasure Encounters
Treasure demon levels scale with your party's average level, which keeps their value relevant even during New Game Plus. Grinding in Mementos before Palace invasions ensures you meet level thresholds for rare spawns like Kaisatori.
Use Electric and Ice skills to handle aggressive treasure demons that spam Almighty attacks. Pairing Morgana with Dekaja and a sturdy tank reduces the risk of being instantly knocked out during high-stakes negotiations.
Advanced Negotiation Techniques
Diamond Rank is the key to maximizing profit from treasure demons. Equip accessories that boost Negotiation success, and maintain a roster of demons that cover complementary weaknesses for Baton Pass setups.
Threatening blackmail before offering items increases the chance of receiving rare equipment instead of raw yen. This approach is especially effective against high-value targets like Kaisatori and Sleipnir.
Key Takeaways for Maximizing Treasure Hunting
- Prioritize Diamond Rank Negotiation to unlock premium offers.
- Use the table to quickly identify where each high-value demon appears.
- Balance party roles with magic damage, survivability, and Baton Pass support.
- Target Mementos deeper floors for late-game treasure demons like Sleipnir.
- Leverage blackmail and item demands to improve negotiation outcomes.
FAQ
Reader questions
Which treasure demon gives the most profit per hour?
Sleipnir offers the highest profit per hour in endgame due to its 50,000 ¥ sell value, but it requires full Diamond Rank and strong magic coverage to secure consistently.
Can I find treasure demons on lower difficulty settings?
Yes, treasure demons appear on all difficulty settings, but their negotiation behavior remains the same. Lower difficulty does not reduce their sell values or item drops.
Do treasure demons respawn after a Palace revolt?
They do not respawn in the same Palace after a revolt. You must revisit Mementos or wait for a New Game Plus to encounter them again in that location.
Is it better to sell treasure items or fuse them into skills?
Selling high-value items like Supreme Hammers and Damascus blades is usually more efficient, while fusing low-tier materials helps build a versatile skill library for hybrid teammates.