Since there seems to be some confusion, let's review how trials loot works.
Blindsight Armor Set
This is analogous to the Y1 "Watchers" armor set. It only contains boots, chest, and gloves (no helm) and visually is a restyle of HoW vanguard/crucible gear. It drops between 260 and 290 light, as far as I can tell. Blindsight armor is always an RNG end-of-round drop, and can drop on the winning or losing team.
Passage coins will RNG drop, but in much higher frequency on the losing team. Usually each player on the losing team will get between 1 and 3 passage coins.
Other RNG drops
These aren't fully known on conditions of, but there are a suite of emblems, class items, and shaders (and a ship or two?) that presumably drop RNG-style from end-of-round. Conditions (win/loss, etc) are unknown for now.
The silver tier package is awarded after completing the "Valor's Reward" bounty. It guarantees some motes and a rare engram. It also has a chance to drop an exotic, which can be between 290 and 320 light (depending on light level).
The gold tier package is awarded after completing the "His Eye Upon You" bounty. It will contain a random Trials item - could be a weapon, an armor piece, or a ghost or artifact - and its light level will be between 300 and 310. It also has a chance to drop an exotic, which can be between 290 and 320 light (depending on light level).
Drop at 5 Wins
When you get a passage coin to 5 wins, you will guarantee an armor drop from the "proper" trials set. This week, it is boots for all classes. Its light level will be between 300 and 310. (This is analogous to the armor piece you could buy from Vance at 5 wins in Y1.) It will drop in the end-of-round screen on your 5th win.
Drop at 7 Wins
When you get a passage coin to 7 wins, you will guarantee a weapon drop. This week, is a scout rifle with "full auto" as a set perk. Its light level will be between 300 and 310. (This is analogous to the weapon piece you could buy from Vance at 7 wins in Y1.) It will drop in the end-of-round screen on your 7th win.
Opening the lighthouse chest will guarantee you an "Adept" primary weapon. Adepts have a different coloration pattern (primarily black with yellow accents). They also come with the perk "Last Resort" built in (akin to the bonus-damage-against-Taken perk on KF raid gear). The specific primary is RNG, and its light level is RNG between 310 and 320. In addition, you will also unlock the "Hic Jacket" emblem. You also get some motes, 4-5. It also has a chance to drop an exotic, which can be between 290 and 320 light (depending on light level).
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Credits: This guide is created by Chippy569