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Bilbo's noblest moment in The Hobbit, a fantasy book by J.R.R. Tolkien, is when he gives up the Arkenstone, a precious jewel. He is commended for his graciousness of giving away such a treasure, for everyone was rushing to try to get it for themselves. Yet, Bilbo gave the stone to the Elvenking and went against his friends, the dwarfs, to attempt to protect lives. This is especially noble since no one else could have achieved this action and been trusted. It revealed supreme generosity from Bilbo.
Bilbo feels that it is essential to settle all disputes, which is why he concludes that giving up the Arkenstone would be the best alternative. A war was beginning because the elves and men wanted their fair share of the treasure; for they were the ones that had killed Smaug, the dragon who stole the fortune from the dwarfs hundreds of years ago. Maybe, the elves and men could bargain with the Arkenstone, which is the heart of Thorin. Thorin treasures it above anything else in the world, and all other riches do not even compare to the Arkenstone. Bilbo figures that this may be the only action that could save lives, and he wants to achieve that objective. Even though the stone did not rightfully belong to him, Bilbo gave the stone away out of the goodness of his heart. Consequently, Bilbo had many problems to deal with later for presenting the Elvenking with the Arkenstone.
Since Bilbo was so gracious for giving up the Arkenstone, no other character would have been able to accomplish that achievement. One part that had an immense role is the Elvenking having trust in Bilbo. If a dwarf would have wanted to give the elves something, most likely, they would not have trusted the dwarf. This is because the dwarfs were the ones who were not giving them their share of the treasure. Bilbo has the advantage for not being like the dwarfs. So, the elves had more faith and trust in Bilbo for being a hobbit. Probably, the dwarfs would have been greedy and kept the Arkenstone for their own anyway. All they want is the riches, and they did not care about anyone but themselves. In fact, when they were in the tunnels with the goblins, the dwarfs did not even notice when Bilbo got lost, and they were about to go on without him. Also, they always relied on Bilbo to get them out of trouble. Just like they were almost killed by the spiders and Bilbo came to their rescue; they made Bilbo go into the secret tunnel because everyone else feared Smaug, the dragon. Consequently, Bilbo almost became scorched by Smaug. Mr. Baggins, who is considerate, noble, and reliable, is the only one who could reward them with such a great fortune.
Although he is rebuked, Bilbo returns to the mountain for many purposes. It is primarily because Bilbo had gone through so much with the dwarfs and cares very much about them. He had lead them to the mountain, nearly starved, almost killed by giant spiders, and put his very own life on the edge to save the dwarfs. When the times got tough, they always relied on one another. For instance, Bilbo outsmarted the guards by sneaking the dwarfs out of their prison cells and hiding them in barrels. The main reason why Bilbo returned to the mountain was that he did not want to ruin their strong relationship just over a stone. Friendship is much more valuable than any jewel. Bilbo figures that returning would not do as much damage as turning his back on him permanently. If he would have remained with the elves, he would have lost some of his best friends; and he would probably later regret it.
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Therefore, Bilbo's noblest action is when he gave up the Heart of the Mountain, the Arkenstone. He was willing to give up a marvelous fortune for the safety of others and to end all of the conflicts. No other character other than Bilbo in The Hobbit shares as much nobility and worthiness to give up the priceless Arkenstone. After knowing that he would not be accepted by the dwarfs, he returns anyway because he does not want to risk breaking the powerful bond of friendship between them. They had gone through too much to let their relationship go to waste. Those are just a few of the reasons why offering Arkenstone was such an honorable and generous action on behalf of Bilbo.
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