From Serenes Forest - A Fire Emblem Resource
Credits: Valhalla, ChinaFE, Nitrodon (item-finding rate)
Notes: Only Book 2 contains hidden treasure.
To find treasure, have a character stand on the marked positions. Thieves have a 100% chance of obtaining the items, while other characters have a (Luck)% chance.
Chapter 3
Bridge Key
A few squares to the right of the most bottom left house.
Iote's Shield
Near the front of the castle.
Chapter 7
Reblow Staff
Directly below the cave where the Fire Dragon spawns.
Chapter 9
Silver Axe
Approximately halfway between the north western oasis and the bottom-most part of the map.
Chapter 11