Pirates! Gold features Super VGA graphics including hand-painted screens, and a more-detailed playing environment than the original.[2] The update also includes 3-D modeled ship and flag animations, and graphic depictions of items that were menu choices in the original game.[3]
The player can play as a pirate, privateer, or a pirate hunter.[4] It features sword fighting, ocean-faring battles, and land battles as its three main arenas of action, connected by role-playing which allows the player to court the favor of local politicos, romance women, and recruit pirates in the local pub.[2] Players have the opportunity to go on quests, but must also strategically plan raiding excursions and trading routes.[3]
The PC versions contain a copy protection scheme requiring the player to identify the flag of a pirate ship sighted on the horizon (similar to the 1987 Commodore 64 port). Sea and sea-to-land combat are played in real-time while land battles are done in turn-based strategy. Sun sighting is not present in this version, and there are no special items. The game does, however, include several new features.