Henry: I saw her ankles.
Captain Jack Sparrow: You would've seen a lot more if you kept your cakehole shut.
Carina Smyth: Filthy Pirate.
Captain Jack Sparrow: There's no need for name calling.
Captain Salazar: Jack Sparrow... Do you know this pirate?
Henry: Only by name.
Captain Salazar: For too many years the Triangle has cursed us, condemned us to this Hell on Earth. The key to our escape is Jack Sparrow, and the compass which he holds. No, no. No need to fear, me boy. I always leave one man alive, to tell the tale. Find Sparrow for me and relay a message, from Captain Salazar.
Henry: Salazar.
Captain Salazar: Tell him I'll behold the daylight again. And on that day, death... death comes straight for him. Would you say that to him, please?
Henry: Yes.
Captain Salazar: I wish I could tell him myself, but dead men tell no tales.
Carina Smyth: I'm not looking for trouble!
Captain Jack Sparrow: What a horrible way to live.
Carina Smyth: Men on that ship are looking for Jack. And Jack is on this boat. I'm going to swim for it!
Captain Jack Sparrow: How dare you do exactly what I'd do if I were you?
Henry: Do you even have a ship, a crew... Pants?
Captain Jack Sparrow: A great pirate does not bother with such intricacies.
Captain Hector Barbossa: I have heard stores of a mighty Spanish captain who sunk and killed thousands of men...
Captain Salazar: No no no no! Men, no! Pirates.
Captain Jack Sparrow: I once knew a Spaniard named...something in Spanish.
Henry: We are to be allies!
Carina Smyth: Considering where your left hand is, I'd say we're more than that.
Carina Smyth: Who am I to you?
Captain Hector Barbossa: Treasure.
Shansa: The dead have taken command of the sea. They're searching for a girl, a Pearl, and a Sparrow.
Answer: There was never any explanation other than Elizabeth kept it in the chest. As both the Elizabeth and Will characters are rumored to return in POTC 6, the question may be answered in that installment.
raywest ★