Well, I s'pose that would depend on the individual, wouldn't it. If you were x and y took your sword to the West, what would you do? Let him keep it, or have it back? Depends on the decision of x.
Elrond probably would have claim on Glamdring if it was Turgon's blade; owever, what would he use it for? He stays in Rivendell, no longer doing any fighting himself. It was much more useful to Gandalf.
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