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Borderlands is known for all of the crazy weapons and items you'll find, and the random loot generator is in full effect here in the Pre-Sequel. This means that there's always some new gun to find around the corner, either by opening up treasure chests or finding them from off the bodies of the recently deceased.
The Super Magical Chest (SMC) can be gotten in every 500 regular chest cycle (the four chest you get from battle). And the cycle start when you reach 400 trophies. So, it will take a really long time before getting that chest. Every 500 doesnt mean that you will exactly got it at your 500th battle.