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 money 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 Pig's Eye's ability, though the Pig's Eye does not bring you to your home island and only works on the End Island. If you have a Saving Grace and a Pig 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.

Tips

 * If you want not to lose coins upon death, it is far more recommended to use the Piggy Bank item as it is not bugged or glitched in any way.
 * Make sure to take this item out of your inventory during Dungeons as its ability is triggered when you die in Dungeons.