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My concern is only about the movies:

In The Hobbit: Battle of the Five Armies at the end of the movie, Gandalf says that he knows that Bilbo had a magic ring but he let Bilbo keep the ring.

Why did they put that scene in? If you watch Fellowship of the Ring, after Bilbo uses the Ring, Gandalf instantly visits him and tells him that he should leave the ring because magic rings are always dangerous. This does not fit with Battle of the Five Armies because the Gandalf we know from Fellowship would never let Bilbo keep that ring.

In my eyes that doesn't makes sense. They should have just left the scene out of The Hobbit where he says he knew about a magic ring.

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    that scene is in the books, therefor a viable scene for the movies, that scene you refence in the fellowship movie, is also in the book(more or less) so again a viable scene to add into the movies. The reason that these scenes conflict is outside of both, book and movie . essential tolkein has stated that he has since changed his mind about certain things after writing the hobbit, which is while conflicts occur in the lotr. – Himarm Dec 23 '14 at 20:36
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    It took Gandalf a long time to figure out what the ring was. He didn't know much about it and had zero ideas about it being The One Ring, though he did suspect it was powerful. Gandalf only starts suspecting it could be bad when he realizes that the ring has changed Bilbo. You'll note in the first LOTR movie, Gandalf says to Bilbo that he "{hasn't} aged a day", remarking about how young he looks for 111 years old, and Bilbo later gets unnaturally agitated at the prospect of leaving the ring, calling it his "Precious". At this point, Gandalf knew about Gollum, though in the movies he doesnt. – Premier Bromanov Dec 23 '14 at 20:49
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    Related, not dupe : scifi.stackexchange.com/questions/31296/… – Valorum Dec 23 '14 at 21:00
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    In the beginning of The Fellowship of the Ring movie, after visiting Bilbo, Gandalf spends some time finding out about the ring. In the Hobbit, no one Knows it is anything more than a magical ring which turns the wearer invisible. – Ester Montague Dec 24 '14 at 3:08
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    They never made any Hobbit movies. – xdhmoore Jan 21 '17 at 7:49
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This answer is based on movie-canon only.

There is no indication (so far as Gandalf is concerned) that Bilbo's ring is anything sinister until Bilbo's birthday party.

First of all, to correct something in your question:

Gandalf instantly visits him and tells him that he should leave the ring because magic rings are always dangerous.

No, Gandalf doesn't tell him this. What Gandalf actually tells him is (source):

There are many magic rings in the world, Bilbo Baggins, and none of them should be used lightly.

There's no concept of the ring being dangerous yet, just that Bilbo had used the ring "lightly", i.e for a prank on his fellow-hobbits (which Gandalf was unimpressed with: "I suppose you think that was terribly clever?")

Moving on from here, Bilbo says that he's leaving everything to Frodo, and Gandalf asks if that also includes the ring; this is the point at which Bilbo starts showing possessiveness towards the ring, and this is the point at which Gandalf becomes insistent that Bilbo should leave it.

Following that, Bilbo calls the ring his precious and Gandalf shows real concern and determination that Bilbo should leave it.

The next scene after Bilbo's leaving involves Frodo entering to find Gandalf deep in thought and muttering "riddles in the dark" to himself. Following that Gandalf ups and leaves in a hurry:

GANDALF: I have some things I must see to.

FRODO: What things?

GANDALF: Questions. Questions that need answering.

FRODO: You've only just arrived! I don't understand...

Gandalf is already at the door, he turns to Frodo.

GANDALF: Neither do I. Keep it secret, keep it safe.

Gandalf hurries out the door...leaving FRODO standing alone in the Bag End.

What's plain from all of this is: Gandalf had no real inkling that Bilbo's ring was trouble until the events of the birthday party. Since he had no reason to think it was trouble until then, he would have likewise had no reason to be concerned during the events of the Hobbit movies.

  • The bit that really blows my mind is: how come none of the 3 bearers of the Elven Rings knew that the One had been found, seeing as they were able to sense it back when Sauron put it on the first time round? I'm not sure that there's anything in the books to answer that one though. – user8719 Dec 23 '14 at 22:21
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    They sensed Sauron's mind through the Ring, not the Ring itself. Neither Gollum nor Bilbo claimed mastery of the Ring, ever. Frodo only did at the Crack of Doom, and Sauron heard that. Quite possibly so did the Elvish ringbearers. – Oldcat Dec 23 '14 at 22:31
  • I also have a question, though perhaps it deserves it's own thread: It states that the other rings would only exist so long as The One Ring existed. When The One Ring was destroyed, did it also destroy the elven rings? – Premier Bromanov Dec 23 '14 at 22:57
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    @TomSterkenburg - that's answered in the books; "For though much has been saved, much must now pass away; and the power of the Three Rings also is ended" - they weren't destroyed (their owners wear them openly at the Grey Havens) but they did lose their power. – user8719 Dec 23 '14 at 23:05
  • Thanks, In the movies Jackson made a point to show Galadriel's ring at the end – Premier Bromanov Dec 23 '14 at 23:18
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As the previous answer has already pointed out, Gandalf never says magic rings are always dangerous. He says they shouldn't be taken lightly - that is to say, if you're going to keep one, you shouldn't screw around with it, especially in public.

Even when Bilbo used the Ring at his party, Gandalf wasn't particularly worried, he was just a bit suspicious. Afterwards, he went to Bilbo's house, and Bilbo's actions in the house are what made Gandalf really sit up and take notice; only then did he become much more concerned about the nature of the Ring.

Bilbo was oddly possessive of the Ring, calling it his "precious" (huge warning sign there, obviously). He considered leaving the Ring behind, as he had planned to do previously, then changed his mind (another red flag). Next, Bilbo went so far as to accuse Gandalf, possibly his oldest and closest friend, of trying to steal the Ring from him (more alarm bells here). Gandalf did his big-dark-scary-wizard thing, Bilbo came to his senses, and Bilbo prepared to leave the house. Gandalf had to remind him that the Ring was still in his pocket, another bit of evidence that the Ring was more than a simple invisibility device.

After Bilbo left home, Gandalf tried to pick up the Ring, and apparently received some kind of shock the instant his finger touched it. This was the last straw, so to speak. Gandalf was now extremely concerned about what the Ring was and who it belonged to.

It appears that he had some inkling that this might be "The One Ring", an unimaginably frightening prospect, but he wasn't sure. The speed with which he handed the Ring over to Frodo and fled from the house indicates just how alarmed he really was. He then went to confer with his colleagues, and (in the books) rode to Minas Tirith to consult the archives there for more information about the One Ring; and we all know the rest of the story.

But we must bear in mind that the two scenes you mentioned are wildly different from one another.

In The Hobbit, Bilbo was using the ring relatively judiciously, in appropriate ways, and in quite appropriate situations (e.g., to sneak out of Goblin Town, and sneak into Smaug's lair). He was showing the proper amount of respect to the ring's powers, and not being flippant in its use.

In the beginning of The Fellowship of the Ring, when Bilbo disappeared from his farewell party, he was using the Ring somewhat recklessly, and being extremely flippant. He wasn't showing the proper amount of respect to the ring's powers. He was using it to shock and impress his guests. He was in an incredibly public setting, with hundreds of people looking on.

This is what led Gandalf to chastise Bilbo: the context in which he put the ring on was totally inappropriate, and potentially dangerous. He was screwing around, treating the ring like a toy, and worst of all, using magic in the most casual and reckless manner imaginable.

Gandalf, being a wizard, knew that using magic so recklessly is extremely dangerous, and the consequences could be catastrophic for everyone in the vicinity. He still wasn't especially alarmed about the ring itself, he was simply pissed off at Bilbo for playing games with a potentially dangerous magical artifact. However, the potential danger wasn't related to the ring as such - Gandalf had no reason yet to suspect that this was the One Ring - the potential danger was in the way Bilbo was fooling around with the ring.

You said you were only interested in the movies, but the more complete answer relies heavily on the books. Still, I won't get into the full explanation of the issue as it is laid out in the books, in deference to your request.

  • Gandalf goes to consult scrolls in Minas Tirith in the films too, not just the books. – user46509 Oct 28 '15 at 21:44

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