Second edition. The fifth impression overall, but the most important after the first as the text was substantially revised for this edition to bring the narrative in line with that of The Lord of the Rings, particularly the chapter “Riddles in the Dark”, Gollum’s character and the story of how Bilbo first acquired the ring. The book is firmly bound in clean green cloth, lettered and decorated in black, the extremities are a little bumped and rubbed. The text block is slightly toned and dusty with a neatly written gift inscription to the first blank page. The dust jacket is the original and not price clipped, correctly stating “Fifth Impression” to the front flap, it is chipped and nicked to the edges, rubbed at the folds and with slight fading to the spine. One of the most uncommon editions of the Hobbit, 1000 copies were bound up in January 1951 with a further 800 bound up in September 1952, the inscription to this copy is dated Xmas 1951, indicating that it was one of the first 1000. Rare in the dust jacket.