Three Ring for the Elven-kings under the sky.

[Niluial]

Niluial, Yes. The Ring in possession of Frodo, as you thought, is the One Ring mentioned in the Elven-lore.And there were 20 rings(I just counted it up from your poem) in all, including the One Ring. It wasn't a very dumb question though.

Twenty rings, that’s allot. So each one possesses a different power, or brings out the power in the ring holder? As we read in the Lord of the Rings, they don’t want the ring to fall into the wrong hands, but if one of those other twenty rings fell in the wrong hands, do you think it would end up in drastic results? As drastic as the Ring in the Lord of the Rings. The ring we read about in the Lord of the rings, does it have a special name?