Vintage paperback edition of
The Hobbit, by J.R.R. Tolkien (Houghton Mifflin, 1967; 8th printing). Published as part of the Dolphin Edition series.
This book is in very good condition, with one very small (less than 0.25") tear on the edge of the front cover, but with a tight spine and bright pages. Previous owner's name in ink on first page.