diff --git a/CHANGELOG.md b/CHANGELOG.md
index 65ea72a..15545fb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,13 @@ All notable changes to SurvivorCore are recorded here. The format follows
 [Semantic Versioning](https://semver.org/spec/v2.0.0.html). At release time, `## Unreleased`
 is promoted to the new version and `main` is tagged `vX.Y.Z`.
 
+## 0.7.4 — 2026-07-06
+
+### Fixed
+- **Beacon scoped to the newest bag** — dying again mid corpse-run re-points the owner's beacon at
+  the new bag (old and new bags coexist, each on its own 5-minute timer); previously the OLDER
+  bag's later despawn/looting would wipe the beacon that pointed at the newer bag.
+
 ## 0.7.3 — 2026-07-06
 
 ### Fixed
diff --git a/docs/loot-bags.md b/docs/loot-bags.md
index 15859cb..0e5a9ba 100644
--- a/docs/loot-bags.md
+++ b/docs/loot-bags.md
@@ -15,7 +15,12 @@ survival stakes system: get back to your bag before it's gone — or before some
    deaths stay reachable), holding the contents as `IntValue` children (item id → count). A
    floating **countdown** shows everyone how long it has left; the **owner** also gets a tall
    golden **beacon** (client-side, only they see it) and a "You died" toast.
-4. After `LifetimeSeconds` the bag despawns with whatever is still inside.
+4. After `LifetimeSeconds` (default **5 minutes**) the bag despawns with whatever is still inside.
+
+**Dying again mid corpse-run:** every death drops its own bag — old and new **coexist in the
+world**, each on its own 5-minute timer, each lootable. Your **beacon always points at your newest
+bag** (a new death re-points it); it clears only when *that* bag is looted empty or expires — an
+older bag despawning never touches it.
 
 ## Looting
 
diff --git a/src/init.luau b/src/init.luau
index fc9deca..c970dae 100644
--- a/src/init.luau
+++ b/src/init.luau
@@ -65,7 +65,7 @@ require(script.shared.LootBagsConfig)
 
 local SurvivorCore = {}
 
-SurvivorCore.VERSION = "0.7.3"
+SurvivorCore.VERSION = "0.7.4"
 
 -- Foundation
 SurvivorCore.Config = Config
diff --git a/src/systems/LootBags.luau b/src/systems/LootBags.luau
index bbe4e1b..e4d4f7f 100644
--- a/src/systems/LootBags.luau
+++ b/src/systems/LootBags.luau
@@ -36,6 +36,12 @@ local LootBags = {}
 local started = false
 local looting: { [Player]: boolean } = {} -- re-entry guard per collector
 
+-- Each owner's NEWEST bag — the one their beacon points at. Older bags coexist in the world on
+-- their own timers; only the latest bag's fate may clear the owner's beacon (dying again mid
+-- corpse-run re-points the beacon at the new bag, and the old bag's later despawn must not
+-- touch it).
+local latestBag: { [Player]: Instance } = {}
+
 -- ── Bag construction ─────────────────────────────────────────────────────────
 
 local function bagTemplate(): PVInstance?
@@ -292,12 +298,17 @@ local function dropBag(player: Player, position: Vector3)
 	-- is truly gone (the nil-fire below) or the lifetime lapses.
 	local host2 = bagHost(bag)
 	local beaconPos = if host2 then host2.Position else position
+	latestBag[player] = bag
 	if cfg.OwnerBeacon ~= false then
 		Remotes.event("LootBagDropped"):FireClient(player, beaconPos, lifetime)
 		bag.Destroying:Connect(function()
-			-- Truly gone server-side (emptied or expired) → clear the owner's beacon early.
-			if player.Parent then
-				Remotes.event("LootBagDropped"):FireClient(player, nil)
+			-- Clear the owner's beacon ONLY if this is still their newest bag (an older bag
+			-- despawning/emptying must not wipe the beacon that points at a newer one).
+			if latestBag[player] == bag then
+				latestBag[player] = nil
+				if player.Parent then
+					Remotes.event("LootBagDropped"):FireClient(player, nil)
+				end
 			end
 		end)
 	end
@@ -357,6 +368,7 @@ function LootBags.start(_options: { [string]: any }?)
 	Players.PlayerAdded:Connect(watchPlayer)
 	Players.PlayerRemoving:Connect(function(player)
 		looting[player] = nil
+		latestBag[player] = nil
 	end)
 end
 
diff --git a/wally.toml b/wally.toml
index 282ff62..76ad12b 100644
--- a/wally.toml
+++ b/wally.toml
@@ -1,7 +1,7 @@
 [package]
 name = "temujincalidius/survivorcore"
 description = "Batteries-included, creator-extensible survival game framework for Roblox."
-version = "0.7.3"
+version = "0.7.4"
 license = "MIT"
 authors = ["Samuel Lison"]
 registry = "https://github.com/UpliftGames/wally-index"