How Much Loot Did Bilbo Baggins Get from Smaug?

In J.R.R. Tolkein's The Hobbit, Bilbo Baggins became extravagantly wealthy by looting the treasure of the dragon Smaug (which he split with the dwarves). In today's value, how much money was that? Forbes' Michael Noer ran some calculations and came up with $8 billion:

To keep the math relatively simple and to avoid complications like integrating the partial volume of a sphere, we can approximate Smaug’s bed of gold and silver to be a cone, with a radius of 9.6 feet (1/2 the diameter) and a height of 7 feet (assuming the weight of the dragon will smush down the point of the cone by about a foot).

Now we can calculate the volume of Smaug’s treasure mound:

V= 1/3 ? r2 h = 1/3 * ? * 9.62 * 7 = 675.6 cubic feet

But, obviously, the mound isn’t solid gold and silver. We know it has a “great two-handled cups” in it – one of which Bilbo steals – and probably human remains, not to mention the air space between the coins. Let’s assume that the mound is 30% air and bones. That makes the volume of the hoard that is pure gold and silver coins 472.9 cubic feet.

We know that Bilbo eventually takes his cut of the treasure in two small-chests, one filled with gold and the other filled with silver, so it seems safe to assume that the hoard is approximately ½ gold and ½ silver, or 236.4 cubic feet of each metal.


Link via Nerd Bastards | Image by deviantART user Remainaery

Comments (4)

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Newest 4 Comments

Let's not forget that 2 handled cup that he took home, and got appraised at the Hobbiton Arts Center for 50 million dollars. A priceless elven heirloom that grants everlasting elven life to all those who drink from it.

give it up.
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More like $7 million or so (300 lbs gold and 300 lbs silver). Anything more then 300lbs each and the chests would break, plus he wouldn't be able to haul them.
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Why don't they focus on the only relevant part. He took TWO SMALL CHESTS. All his other meaningless calculations have to be wrong. He is saying two chests of 5'x5'x5'. That is like two U-Hauls... not chests.

Why not figure out how much loot you can maximally cram into a chest whatever you want to call that volume.
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For New Jersey, their choice of "Salt water taffy" is met with NO NO NO!!! I've seen lists like these before, and invariably they are unaware of the true NJ delicacy known as Tailor Ham, or pork roll.
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Dear Cincinatti,
Cinnamon in chili is just weird, but chocolate in it? That's simply unforgivable. If you've ever wondered why your chili is constantly covered with a pound of cheddar and almost always served over spaghetti or hot dogs, it's because it is too terrible to eat on its own.

On an unrelated note. What is a Mission-style burrito? I'm from CA and I've never had one of those. Here in San Diego, most people just get bean and cheese, carne asada or the California, which comes with carne asada and french fries.
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This person says "I mean, it's salmon. Whoop-de-fuckin'-do. I like mine with extra board." Which leads me to believe they haven't actually tried my state's and probably alot of other state's delicacy while making this list. Problem with making a top list is that it's always not objective and usually not based on polls on popular opinion. It's based on the likes of the person who made the list.
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