The texture for trapped chests is wrong when in your hand or in an item frame. Instead of using the trapped chest texture, it uses the normal chests texture. It is not very visible with the default texture pack, because trapped chests look very similar to normal chests, but is very noticeable in a pack which gives them different textures. This always happens, no matter how the chest was acquired.
Linked issues
duplicates
Attachments
Comments
Confirmed.
Duplicate of MC-7486.

Can confirm this for 1.5.1. Very annoying when using texturepacks!!!
Pleace update the "Affects Version/s" tag!

Uploaded some screenshots and test skins for comparison.
In my screenshot, the trapped chest in hand should appear black.