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🧙Gandalf's mark

Here’s an extract from Unfinished Tales that might throw some more light into this thread. The passage is from the Appendix to “The Quest of Erebor,” and is from an earlier version of the back story that Gandalf told to Frodo, Gimli, and the rest of the Company in Minas Tirith after the fall of Sauron.

In this passage, Gandalf is with Thorin and the Dwarves at Thorin’s hold in the Blue Mountains, trying to convince them to take Bilbo along with them to Erebor to confront Smaug. (There is quite an elision between the first paragraph and the rest.)

The “thief's mark” might indicate not only a “B” for “Burglar”, but it might also be a reference to the old practice of branding a thief if he were caught. If that’s the case, then only a really bold thief (“Burglar”) living in a truly lawless community would have the brass to post the mark on his door; but then again, it’s Gandalf making the mark, which he also removes by whacking Bilbo’s beautiful green front-door with his staff.

It would also explain why some of the “Burglars” chose to call themselves “Expert Treasure-Hunters” – in a trial, it might be a reasonable defense (or a complete flop), and if successful, enable a defendant avoid branding with a “B” in a prominent spot.

But, yes, The Hobbit is still a children’s tale…
 
Alcuin, that is a very interesting series of quotes you have posted from UT. It is clear to me now, Gandalf chose this terminology to describe Bilbo quite simply, to heighten credibility in the eyes of Dwarves thus making his selection inevitable. Eledhwen, your point is succinct, that Bilbo was anxious to escape the term 'burglar' yet the irony is it led to both his acceptance into the party and eventually, his only way to recover his reputation.
 
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