Originally Posted by
Explicitness
I just created this account to reply to this because my experience was not the same.
I recently transferred a lvl 90 toon from Horde on a server to Horde on another server and I had the same idea. I definitely looted ALL of the chests on the island before I transferred. None of them reset, not even the weekly ones. Maybe it happens when you server transfer and change factions, but I doubt it.
I'd also add, though it's already been mentioned, that it's hardly an exploit either way. A server transfer to the same faction is 25-ish dollars, which equates to 20k-ish gold, if not more. And, to transfer while also switching factions is around 55 dollars. You'd be better off buying gold and then purchasing something off the AH. ~522 gear is 3-4k on my server and trade-able burdens are around 3k as well.