When the Nazgûl lose their bodily form, what happens to their rings?

[Legate of Amon Lanc]

Originally Posted by Pitchwife

I don't think the quotes from UT and FotR are irreconcilable. The Nazgûl keeping the Nine is what the Wise of the West may have supposed to be true (wasn't it Gandalf who said that?), whereas Sauron holding them seems to be an auctorial statement by Tolkien himself, who knew a little bit more of the matter than his characters.

Yes, Gandalf or Elrond. The problem is, that the very same Gandalf says at another point something different which seems to imply that Sauron has the Rings, and not the Nine. Well, what could he know anyway - Sauron may have redistributed the Rings in any way he wished - but still, it's an interesting controversy. I like it, because it opens more room for speculation.

Apart from that, Sauron himself had no problem wearing the One in spirit form when his body perished in the Downfall of Númenór - maybe he taught the Nazgûl the trick.

Well, but I guess there is a difference between one (really powerful) Maia and a Ringwraith. And especially when water is involved...