It is not just the printing/edition that matters to the value, but that serious collectors want only the best condition. Books with damaged jackets or even no jackets at all, are now increasing in price, driving up the price of complete and better condition copies. That's how important condition is to value. Unlike other genre's, the market for Tolkien early editions is quite mature and well established.
It is not a matter of waiting for a better copy to come along. There aren't going to be any! There are no more hiding in the attic or charity shops.
People sell off their more worn copies when they upgrade and now leave their collections to their children. We've been a specialist dealer for 20 years. Some examples that were plentiful just two years ago are now completely gone or only the dregs appear.First editions The Lord of the Rings and Hobbits remain the most in demand. This item is in the category "Books, Comics & Magazines\Antiquarian & Collectable". The seller is "dogfark" and is located in this country: GB. This item can be shipped worldwide.