What is the best way to farm for the Coin Ring in Terraria?

Farming for the Coin Ring in Terraria involves a combination of preparation, strategy, and patience. The Coin Ring is a useful accessory that combines the effects of the Lucky Coin and the Greedy Ring, increasing your chances of getting extra coins from enemies and allowing you to pick up coins from a greater distance. To obtain the Coin Ring, you need to craft it using the Lucky Coin and the Greedy Ring at a Tinkerer's Workshop. The Lucky Coin is dropped by Pirates during the Pirate Invasion event, while the Greedy Ring is crafted using the Discount Card, which is dropped by the Pirate Captain, and the Gold Ring, which is crafted from 5 Gold Bars and a Ruby.

To start farming for the Coin Ring, you first need to trigger a Pirate Invasion. Pirate Invasions can occur randomly after defeating the Wall of Flesh and entering Hardmode, but you can also summon one manually using a Pirate Map. Pirate Maps are dropped by enemies in the Ocean biome, such as Pirate Deckhands and Pirate Corsairs. To increase your chances of getting a Pirate Map, you can set up a farm in the Ocean biome. Build a platform above the water and use Water Candles and Battle Potions to increase enemy spawn rates. You can also use a Summoning Potion to further boost spawn rates. Once you have a Pirate Map, use it to summon the Pirate Invasion.

During the Pirate Invasion, focus on defeating Pirates to collect the Lucky Coin. The Lucky Coin has a 1% drop rate from Pirates, so you may need to defeat a large number of them. To maximize your efficiency, use weapons and accessories that increase your damage output and attack speed. The Melee class with high-damage weapons like the Terra Blade or the Influx Waver is effective, but ranged weapons like the Megashark or the Chlorophyte Shotbow can also work well. Magic users can use weapons like the Razorblade Typhoon or the Laser Machinegun, while Summoners can rely on powerful minions like the Stardust Dragon or the Terraprisma.

Once you have the Lucky Coin, you need to obtain the Greedy Ring. The Greedy Ring is crafted using the Discount Card and the Gold Ring. The Discount Card is dropped by the Pirate Captain, a mini-boss that spawns during the Pirate Invasion. The Pirate Captain has a 12.5% chance to drop the Discount Card, so you may need to defeat several Pirate Captains to get one. The Gold Ring is crafted using 5 Gold Bars and a Ruby, which can be obtained by mining Gold Ore and Rubies in the Underground or Cavern layers.

After obtaining both the Lucky Coin and the Greedy Ring, head to a Tinkerer's Workshop to craft the Coin Ring. The Tinkerer's Workshop can be purchased from the Goblin Tinkerer NPC for 10 Gold Coins. Once you have the Coin Ring, equip it to benefit from its effects. The Coin Ring increases your chances of getting extra coins from enemies and allows you to pick up coins from a greater distance, making it a valuable accessory for farming money in Terraria.

To optimize your farming process, consider using accessories and buffs that increase your luck, such as the Lucky Coin itself, the Lucky Horseshoe, and the Lucky Coin. You can also use the Gnome Statue to summon Garden Gnomes, which increase your luck when nearby. Additionally, use potions like the Luck Potion to further boost your luck and increase your chances of getting rare drops.

Common mistakes to avoid include not preparing adequately for the Pirate Invasion, such as not having enough health potions or not setting up a proper arena. Make sure to build a platform arena with campfires, heart lanterns, and honey pools to increase your health regeneration. Also, avoid fighting the Pirate Invasion in an area with too many obstacles, as this can make it difficult to maneuver and dodge attacks.

In summary, farming for the Coin Ring in Terraria requires triggering a Pirate Invasion, defeating Pirates and Pirate Captains to obtain the Lucky Coin and Discount Card, and crafting the Greedy Ring and Coin Ring. Use efficient weapons, increase your luck, and prepare a proper arena to maximize your chances of success. With patience and persistence, you can obtain the Coin Ring and enjoy its benefits in your Terraria adventures.