the only way to get the rusty helmet is to collect a lot of mini medals and give them to the pirate at dourbridge I apolagise that I dont know how many you need I just know that you need mini medals so good look hunting!
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To get the rusty sword, you have to go to The Realm of The Mighty, not ALmighty, Mighty. It's really late in the game. I think in an area right below Corvus in the center of that humongous tree is a chest further out on a branch. I think that's where it is.
At the far end of the cave, almost at the very end, there is a left turn that you only see when you look down. It's around a small bend in a chest there. Took me ages to find it but once you do it's easy.