First edition. Finely bound by Shepherds Sangorski & Sutcliffe, in black morocco with raised bands and titles in gilt to the spine, all edges gilt and a complex onlay design to the front board taken from the illustration of ‘The Front Gate’ at page 209, which successfully conveys the sense of wintry chill as Bilbo and the dwarves finally reach the Lonely Mountain and are confronted by the desolation of Smaug. The book is firmly bound with some very light wear to the outer boards. The text block is very slightly toned with some minor marks to a few pages, new decorative endpapers have been added along with several blanks, following which the original map endpapers have also been retained front and rear. A lovely and, thanks to the binding, unique first edition of ‘The Hobbit’.