first edition, first impression with plain plates , frontispiece, plate and 8 illustrations by Tolkien, map endpapers, original decorative cloth , slightly cocked, corners a little bumped, otherwise excellent, first issue dust-jacket with ms. correction on lower inside flap , spine very slightly darkened , spine ends and corners a little chipped, small 1/5" portion of loss to head of spine, closed tear to head of loser panel with tape repair to verso, a few small chips and short closed tears to head and foot, insect damage to head of upper flap, split to foot of upper fore-edge , 8vo, 1937. Despite the defects mentioned, this is still a very good, unsophisticated, example of the dust-jacket with both panels bright.