Saving Grace

Saving Grace is a item. It requires (50,000 Ender Pearls collected) to craft this item. It safely teleports you to your private island when the player is about to die. The item must be present in the player's inventory for it to work, and since the item has problems, it has a chance to not save the player.

Active ability
If your health drops below 0 with the item in your inventory, you'll be warped back to your Private Island, with your full health and no Death penalty. The item will be consumed on use.

This item can be useful if you carry a large number of around. For example, when you need to carry a lot of to increase the Emerald Blade's stats. Although, be wary of it not activating properly. It is advised to have a backup plan, such as an extra Remnant of the Eye, and other stable items.

This item's ability is similar to the Remnant of the Eye's ability, though the Remnant of the Eye does not bring you to your home island and only works on the End Island. If you have a Saving Grace and a Remnant of the Eye on the End Island and you die, you will be teleported back and both items are consumed.

Note
The active ability of the item can sometimes be unreliable, and it also doesn't save your coins every time.

Trivia

 * This item is commonly used by Players and YouTubers doing a hardcore challenge where they cannot die as this item prevents you from dying. However it is still risky to use this item as it is glitched and sometimes you will still die.
 * An example of it not activating properly was shown when the youtuber TimeDeo and his Co-Op members reached 50 million coins and he decided to prank people and his co-op members by holding 50 mil and jumping into the void while holding a saving grace. When he did this the Saving Grace teleported him to the island after he lost coins due to lag, causing him to lose 25 million coins.

Tips

 * If you want not to lose coins upon death, it is far more recommended to use the Piggy Bank item, which works as an accessory on top of saving your coins upon death. However, it still carries the same issue of using an inventory slot in order to activate.
 * It is highly recommended to take this item out of your inventory during Dungeons as its ability is triggered when you die in Dungeons.