Why one fourteenth of profit was harder to calculate than Thorin’s contract suggests

Bilbo Baggins reading Thorin and Company's businesslike agreement beside the mantelpiece at Bag End.

Bilbo Baggins begins his adventure with something wonderfully ordinary for a story involving trolls, goblins, giant spiders, and a dragon: a business arrangement. The note left for him at Bag End promises payment “up to and not exceeding one fourteenth of total profits (if any),” alongside travelling expenses and, rather ominously, funeral expenses if necessary. … Read more

What Gandalf’s Missing Button Reveals About the Goblin-Tunnel Escape

Bilbo squeezes through the nearly closed Goblin back-door as brass buttons tear from his clothes.

A handful of brass buttons seems like an absurdly small detail to remember after an escape from goblins beneath the Misty Mountains. Yet the buttons matter. There is one important correction first: the missing buttons are Bilbo’s, not Gandalf’s. In The Hobbit, Bilbo tears buttons from his coat and waistcoat while forcing himself through the … Read more

Why mithril scarcity increased after Moria fell without becoming absolute

Dwarven miners working a rare mithril vein deep beneath Khazad-dûm near the roots of Caradhras

Why Mithril Became Almost Unobtainable After Moria Fell — But Never Truly Vanished Frodo Baggins entered Moria wearing something more valuable than almost anyone around him understood. Beneath his ordinary clothes was the small coat of mithril-mail that Thorin Oakenshield had given Bilbo after it was recovered from Smaug’s treasure. To Bilbo it had been … Read more