Question

In "The Hobbit", how come that Bilbo keeps the Arkenstone?

Solution

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Bilbo keeps the Arkenstone as he suspects it might have some use to him in the future; he justifies it by referring to how Thorin said that Bilbo would be able to choose his own 14th of the treasure as he sees fit. Ultimately, Bilbo gives it to the humans and elves to use as a bargaining chip with Thorin.

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