There is a hint that
the Ring might be something more..."
Whether it was an accident, or a last trick of the ring before it took a new master, it was not on his finger." (Ch 5, TH)
. From our vantage point (post-trilogy), we are far more informed about the Ring and all it entails, and must wonder why the Ring would WANT to play a trick on its "new master." Wasn't it eager to get moving about
Middle-earth again? Tired of holing up with only
Gollum for company? Without access to a 'missed connection' column in the local paper, how would a round bit of metal hook up with its BFF again? Obviously something had to move the Ring around, it wouldn't just sprout legs and walk into
Mordor...
So why this last trick, which would put the Ring's mission (as we now understand it to be) at jeopardy of ending in a
goblin cookpot? Just some dramatic misdirection on
Tolkien's part? Remember, he had already introduced the Ring as something more than just cold metal, as he detailed the deleterious effects of Ring Possession on Gollum: "
Gollum used to wear it at first, till it tired him; and then he kept it in a pouch next his skin, till it galled him; and now usually he hid it in a hole in the rock on his island, and was always going back to look at it." (Ch 5, TH)
Gollum had planned to lead
Frodo and
Sam into
Shelob's lair, and recover the Ring after she had thrown it out with their other bits of baggage. He was capable of planning ahead, at least that far. Why wouldn't he, lurking in
the shadows, have been ready, willing and able to try and recover the Ring from any goblin who managed to get it from
Bilbo? Whether or not he would eat the new
Ring-bearer is a matter of conjecture, but his willingness to attack
goblins (at least the little ones) is documented. So if the goblins HAD captured Bilbo, the Ring would still be mired underground, whether with Gollum again, a hapless goblin, or just lying in the dark, dreaming of the day when it could see the sun again. OK - that's a bit of a stretch, but even within the pages of The
Hobbit, Tolkien allowed us to see that this Ring was unique, powerful, and not to be taken lightly.