One Piece

One Piece (glossed in print as ひとつなぎの大秘宝, Hitotsunagi no Daihihō, "The Great Treasure of One Piece", but still pronounced Wanpīsu) is a legendary treasure said to be of unimaginable value.

It is said that it was hidden somewhere deep in the Grand Line, presumably in the last island Raftel, by its previous owner, the Pirate King Gol D. Roger.

The Mystery of the Great Treasure
Aside from the Roger Pirates and Whitebeard before his death, no one actually knows what the great treasure is.

Given the recurring theme of treasure being something of great personal value (for example Luffy's hat), One Piece may simply be an item that Gol D. Roger valued. In Buggy's flashback to his days as a member of the Roger Pirates, he discussed with Shanks the meaning of a treasure, and he found that all the crew shared the same views regarding personal value.

The closest the Straw Hats have ever come to finding out the nature of One Piece was during the Sabaody Archipelago Arc when Usopp tried to ask Rayleigh about it. However, Luffy stopped Usopp from discussing the treasure on the grounds that it would defeat the purpose of their adventures, and that becoming the Pirate King would have little merit if he already knew about One Piece.

Despite constant speculation, the existence of the treasure was seemingly confirmed by Whitebeard. He mentioned that "all of it will be written into history" and "a grand battle that engulfs the entire world" will come when One Piece is found.