Well, that depends on the pirate.
But the point is, at any pirate level, the loot could be commensurate and relevant to that level. I don't know of many level 30 pirates let's say, that are using the worn cutlass, the light saber or the snaplock pistol. Those items are not worth anything in gold, take up valuable real estate space in inventory, and really serve no useful purpose beyond level 11 or so. They end up going to the trash bin or littering the floor, as seen below.
View attachment 89361
Not a single item in any of those loot containers was worth adding to inventory, be it to use or sell.
There's a Loot Skull, 3 loot chests and 5 loot pouches (one is hidden inside the chest)! My level there is as shown; 28.
That's a problem.
For anyone curious, the location is in the Catacombs, specifically the room where all the EITC Mercenaries hang out with the Assassin dude.