BlueBeoWulf
The Destroyer
I was just playing Terraria on a kindle tablet on the newest version, and I put all my items in a chest so that I could equip the same items with another character. When I equipped those items, everything was deleted, including all my armor and accessories, such as frostspark boots and lava waders and the like. When I tried to reproduce the situation using lead armor instead of my usual armor, the armor was not deleted but was properly equipped.