Quote Originally Posted by Centershock View Post
It does.

Well, in a way it does. For chests that have the PLD sword, the shield will come with it. I believe this was a change made in 3.2-ish, but only to HW areas and beyond.
It's more of the awkward situation for someone who could use it on their pld, but didn't come as one. You have to roll greed for both and could only obtain one of the two, causing an imbalance.