I've talked with Modryn to set the priorities of the Fighter's Guild to 50/50

Every month so far, I receive a few 100 coins.

But so far, I've never seen any looted items in the chest ??

I'm level 19, is that maybe the reason ? Or is it a bug maybe ?

For the moment, I will change it to focus on getting contracts only.
At least so, will I receive double money.

I've rarely received weapons from the take. Occasionally I will get 10 silver arrows or a silver dagger.... but that's it. So I always, when I do the quest line, set it to gold.

i told him to focus on recruitment, and when i went to the chest i had an enchanted bow, 3 enchanted swords, enchanted armor and a magic ring. i am level 14

Wow sweet! Maybe, OP, you should switch for full recruitment....