Bounty Bay gold is powerful for the newbie. New players often get overwhelmed by the options in the game and get lost, die and quit the game. I hope to get a new player started into the game with this guide.
Now you should look for an NPC with an exclamation mark above his head. He who should not be too far away from you will give you some money and some materials to rebuild your boat. Now you must go to the Shipyard Boss and rebuild your ship according to the class you want.
Ship classes:
When you are talking to the Shipyard Boss and selecting the option Rebuild Ship, you can choose from 3 types of ships.
The battleship:
It is the strongest ship and having the most cannons, making it ideal to hunt pirates and other players with, so if you want to go plundering other ships you must select this type of ship. One warning is that attacking white sail NPC ships and non-hostile players will give you notoriety. This may cause you to go to jail, which is a very boring experience. This type of ship is also the slowest and does not have much room to carry supplies.
The merchant ship:
The trusty merchant ship works a lot. It carries the most supplies and is also quite strong. It is medium fast, but is lightly armed. It can take a low level pirate, but do not be too expecting of its prowess.
The raiding ship:
The ship for a discoverer has a medium loading capacity and armament, but shines when it comes to speed. Its speed though, makes it have the least strong hull, so be careful on your trips. If you want to be somewhere quick though, take this ship.
Above these, I believe you can elect to a most suitable for your boat.